The Economics and Finance Letters

Published by: Conscientia Beam
Online ISSN: 2312-430X
Print ISSN: 2312-6310
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No. 1

Technological Innovation in Central and Eastern Europe: What’s the Contribution of Innovation Policy?

Pages: 1-8
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Technological Innovation in Central and Eastern Europe: What’s the Contribution of Innovation Policy?

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DOI: 10.18488/journal.29.2017.41.1.8

Kamilia Loukil

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Kamilia Loukil (2017). Technological Innovation in Central and Eastern Europe: What’s the Contribution of Innovation Policy?. The Economics and Finance Letters, 4(1): 1-8. DOI: 10.18488/journal.29.2017.41.1.8
If European Union member states are technologically lagging behind other member countries, especially Eastern European countries, it is important to analyze whether or not public policies contribute to the reduction of this gap. In this respect, our study examines the effect of public innovation policy on technological innovation in Central and Eastern European countries. The estimation of panel data model for 10 countries over the 1998-2013 period show that innovation policy in these countries is not efficient.

Contribution/ Originality
This study contributes in the existing literature by showing in another manner the inefficiency of innovation policy in Central and Eastern European countries. It assesses public efforts by considering two periods: before policy implementation and after policy implementation.