INNOVATION IN EUROPE ? DYNAMICS AND DETERMINANTS
Autor (i): Ph.D. Student Octavian Bărnuţiu, Ph.D. Student Raul Erdei1
JEL: O31, O52, I25
Cuvinte cheie: innovation, NUTS 2 regions, patent indicators
Abstract:
The paper aims to examine the relationship between regional innovation and some main determinants, through a regression analysis, using the patent data as statistical indicators of the innovation activity. Analysis is carried at the 265 NUTS 2 regions of the European Union (28 countries) in the period 2008-2015, based on patent data provided by the European Patent Office and highlights the special role of the investment in the research activity in developing innovative capacity. Also, a greater share of the population with tertiary education can be a real support in the innovation process. Instead, the absolute increase of the demographic pool seems not to be a driver in this process, which is more important when we have considered the patent applications filed under the Patent Cooperation Treaty (PCT procedure) than the EPO patent applications was used.
The paper aims to examine the relationship between regional innovation and some main determinants, through a regression analysis, using the patent data as statistical indicators of the innovation activity. Analysis is carried at the 265 NUTS 2 regions of the European Union (28 countries) in the period 2008-2015, based on patent data provided by the European Patent Office and highlights the special role of the investment in the research activity in developing innovative capacity. Also, a greater share of the population with tertiary education can be a real support in the innovation process. Instead, the absolute increase of the demographic pool seems not to be a driver in this process, which is more important when we have considered the patent applications filed under the Patent Cooperation Treaty (PCT procedure) than the EPO patent applications was used.
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