Abstract
This paper aims to redevelop the national innovative capacity framework and specify the influence of its’ elements on shaping the innovation performance of the EU nations. The objects of the empirical research are the EU member states for the period of 2000–2018. The collected data is employed in a multivariate Granger causality analysis that illustrates the causal links between the analyzed indicators and considers their dynamics. The results demonstrate that countries seeking to increase the levels of innovative outputs should mostly focus on scientific excellence and international economic activities. A redevelopment of the framework also helped discover that gender equality and corruption have causal links with all forms of the investigated innovation indicators—technological, non-technological, and commercial ones. The outcomes of this study highlight the most critical areas where EU member states could focus to improve their national innovation performance and may assist policymakers in the designing process of future innovation policies.
Highlights
In 2021, the European Union (EU) improved its relative innovation performance position towards global competitors
A substantial amount of research has been dedicated to the question of how macro-level innovation performance can be enhanced
The concept of the national innovative capacity (NIC) framework was initially introduced by (Furman et al 2002). It is composed of the new ideas-driven endogenous growth theory by Romer (1990), the cluster-based theory of national industrial competitive advantage by Porter (1990), and the national innovation systems theory by Nelson (1993)
Summary
In 2021, the European Union (EU) improved its relative innovation performance position towards global competitors. A substantial amount of research has been dedicated to the question of how macro-level innovation performance can be enhanced. Starting from the initial economic state, continuing with the national social, cultural, and political aspects, such as mentality, bureaucracy, corruption, illogical investment decisions, lack of political concern, and even low qualification of the project management—all these factors may influence the degree of country’s capabilities to reach highest innovation performance possible. The concept of the national innovative capacity (NIC) framework was initially introduced by (Furman et al 2002). It is composed of the new ideas-driven endogenous growth theory by Romer (1990), the cluster-based theory of national industrial competitive advantage by Porter (1990), and the national innovation systems theory by Nelson (1993)
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