dc.rights.license | Kūrybinių bendrijų licencija / Creative Commons licence | en_US |
dc.contributor.author | Bistrova, Julija | |
dc.contributor.author | Lace, Natalja | |
dc.date.accessioned | 2024-04-29T07:09:26Z | |
dc.date.available | 2024-04-29T07:09:26Z | |
dc.date.issued | 2016 | |
dc.identifier.issn | 2029-4441 | en_US |
dc.identifier.uri | https://etalpykla.vilniustech.lt/handle/123456789/154097 | |
dc.description.abstract | Neoclassical economic theory states that the growth of the nation primarily is dependent on the innovation potential of the country. However, this theory is often being refuted by the recent empirical research, proving that the innovations are becoming more cost-extensive, late in generating return on invested capital and not as useful as they used to be. The present study researches the effect of innovation on the EU member-countries economic development, having selected R&D expenses, number of patents and number of researchers as innovation proxies. The results prove that there is a strong relationship between the R&D expenses and GDP growth as well as the labour productivity, but no evidence was found that the number of scientists or the number of patents significantly influence economic development of the country. The authors also ran a regression between the scientific productivity and impact and the GDP per capita to discover the strong relationship between the variables. However, the causality of the relationship should be studied further. | en_US |
dc.format.extent | 9 p. | en_US |
dc.format.medium | Tekstas / Text | en_US |
dc.language.iso | en | en_US |
dc.relation.uri | https://etalpykla.vilniustech.lt/handle/123456789/154000 | en_US |
dc.rights | Attribution 4.0 International | * |
dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | * |
dc.source.uri | https://bm.vgtu.lt/index.php/verslas/2016/paper/view/58 | en_US |
dc.subject | R&D expenses | en_US |
dc.subject | number of patents | en_US |
dc.subject | innovations | en_US |
dc.subject | economic development | en_US |
dc.subject | citations | en_US |
dc.subject | hindex | en_US |
dc.title | Effect of innovation on the eu member-countries economic development | en_US |
dc.type | Konferencijos publikacija / Conference paper | en_US |
dcterms.accessRights | Laisvai prieinamas / Openly available | en_US |
dcterms.accrualMethod | Rankinis pateikimas / Manual submission | en_US |
dcterms.alternative | International economy: problems of innovation and marketing management | en_US |
dcterms.issued | 2016-05-13 | |
dcterms.license | CC BY | en_US |
dcterms.references | 24 | en_US |
dc.description.version | Taip / Yes | en_US |
dc.contributor.institution | Riga Technical University | en_US |
dcterms.sourcetitle | 9th International Scientific Conference “Business and Management 2016” | en_US |
dc.identifier.eisbn | 9786094579219 | en_US |
dc.identifier.eissn | 2029-929X | en_US |
dc.publisher.name | Vilnius Gediminas Technical University | en_US |
dc.publisher.name | Vilniaus Gedimino technikos universitetas | en_US |
dc.publisher.country | Lithuania | en_US |
dc.publisher.country | Lietuva | en_US |
dc.publisher.city | Vilnius | en_US |
dc.description.grantname | Project „The Development of Innovation and Entrepreneurship in Latvia in Compliance with the Smart Specialization Strategy” within the National Research Program 5.2. “Economic Transformation, Smart Growth, Governance and Legal Framework for the State and Society for Sustainable Development – a New Approach to the Creation of a Sustainable Learning Community | en_US |
dc.description.grantnumber | EKOSOC-LV | en_US |
dc.identifier.doi | https://doi.org/10.3846/bm.2016.56 | en_US |