Original scientific paper
https://doi.org/10.1080/1331677X.2017.1398099
The impact of the economic conditions on the innovation activity of the companies from selected Balkan states
Marek Tomaszewski
orcid.org/0000-0003-2590-5159
; Departament of Innovation and Entrepreneurship, University of Zielona Góra, Zielona Góra, Poland
Arkadiusz Świadek
; Departament of Innovation and Entrepreneurship, University of Zielona Góra, Zielona Góra, Poland
Abstract
The literature review reveals diverging views on the influence of
economic cycles on the innovation activity of companies. This article
is a voice in this discussion. It provides, empirically verified arguments,
allowing one to support or reject the accepted research hypotheses.
These assume that: (1) The expectations with respect to income
dynamics play a more important role in stimulating innovation
activity than the dynamics of (actual) income levels; and (2) Different
economic structures and levels of technological development in
the chosen Balkan states, despite the geographic proximity of these
states and similarity in economic situation, influence the geographic
differentiation in terms of the innovation activity. The obtained
research results show a greater differentiation in terms of actions
of companies than previously thought. It has been confirmed that
when the companies sense an improvement in economic situation,
their innovation activity increases, this is, however, accompanied by
a noticeable anticipatory element. It turned out that the expectations
regarding an improvement in economic conditions have an additional
stimulating effect on such an activity, whereas the recession itself,
as well as the expectations in that respect, have a de-stimulating
effect. It turned out that the expectations with regard to the future
economic situation are the most important here, a factor that has
been neglected so far.
Keywords
Economic conditions; innovation; Balkan countrie
Hrčak ID:
193293
URI
Publication date:
1.12.2017.
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