The Economics and Finance Letters 2312-6310 2312-430X 10.18488/journal.29.2017.41.1.8 The Economics and Finance Letters Technological Innovation in Central and Eastern Europe: What’s the Contribution of Innovation Policy? The Economics and Finance Letters The Economics and Finance Letters 03-2017 2017 03-2017 03-2017 4 1 1 8 07 Apr 2017 06 Jun 2017 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.<br>