Preliminary communication
https://doi.org/10.18045/zbefri.2016.1.147
Innovative undertakings in the Polish industry
Jan Zwolak
; Institute for the Application of Quantitative Methods in Economics, University of Economics and Innovation, Lublin, Polad
Abstract
The purpose of this research is to determine if there is any correlation between the
sale of new or significantly improved products and the physical capital and human
capital in the Polish industry between 2011 and 2013. In the quantitative analysis
a Cobb-Douglas regression model has been used and together with its parameters
it has obtained results which indicate a higher degree of flexibility of the sale of
new and significantly improved goods relative to real capital expenditure streams
(0.868) than human capital investment flows (0.190). The model of innovation
growth rate (Cobb-Douglas theory) indicates that the flexibility of sold production
of new and significantly improved goods can be equal to unity. The research has
found regression dependence of new and substantively improved products sold on
the physical and human capital expenditure. Thus, there is an imbalance of these
capitals in the impact on the volatility of sold production of new and significantly
improved goods in the industry. The above-specified production relative to the
combined effect of real and human capital investment flows was growing more
than proportionally (1.058) in the industry in the years 2011–2013. The current
potential for innovation with an unchanged production method allows us to obtain
increasing economies of scale of production sold of new and significantly improved
goods in the Polish industry. The conducted research shows that the impact of
human capital (0.190) amounts only to one-fifth of the potential opportunities
available in the Polish industry.
Keywords
Innovation; real capital; human capital; regression
Hrčak ID:
160956
URI
Publication date:
27.6.2016.
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