Innovation in times of crisis: national systems of innovation, structure, and demand
Filippetti, Andrea and Archibugi, Daniele (2011) Innovation in times of crisis: national systems of innovation, structure, and demand. Research Policy 40 (2), pp. 179-192. ISSN 0048-7333.
This article addresses the impact of the current economic downturn on innovation across Europe. Using micro- and macro-data, we investigate to what extent some structural characteristics of National Systems of Innovation, along with demand, affect firms’ persistency in terms of innovation investment. It emerges that the effects of the economic downturn in terms of firms’ innovation investment are not the same across European countries. The competences and quality of the human resources, the specialization in the high-technology sector, together with the development of the financial system seem to be the structural factors which are able to offset the effect of the economic downturn on innovation investments of firms across Europe. Finally, some considerations about policies during recessions are discussed.
|Keyword(s) / Subject(s):||Persistency of innovation, business cycles, national system of innovation, European Innovation Policy, economic crisis|
|School:||Birkbeck Schools and Departments > School of Business, Economics & Informatics > Management|
|Research Centre:||Innovation Management Research, Birkbeck Centre for|
|Date Deposited:||27 Jan 2011 14:32|
|Last Modified:||06 Dec 2016 10:07|
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