Innovative Cost Research Articles

Do Technology Alliance Network Characteristics Promote Ambidextrous Green Innovation? A Perspective from Internal and External Pressures of Firms in China

Corporate alliances have become an important way for firms to share the resources and costs of innovation. However, whether corporate technology alliances can effectively enhance the ambidextrous green innovation (AGI) capabilities of firms is a question that still needs to be answered. Building networks of corporate technology alliances based on joint patent application data from the China National Intellectual Property Administration (CNIPA) for the period of 2015–2019, this study investigated the impact of network centrality and structural hole characteristics on exploitative green innovation (IGI) and exploratory green innovation (RGI) from the perspective of internal and external pressures. The empirical results showed that (1) network centrality and structural holes could promote AGI and that the impact on IGI was greater than that on RGI. However, an examination based on lagged effects found a greater impact on RGI. (2) The impact of alliance networks on AGI was positively moderated by internal and external pressures. (3) There were complementary effects between the internal and external pressures. Our study emphasized that it was important to balance AGI to win short-term and long-term competition.

Low-Carbon Technology Innovation Decision Making of Manufacturing Companies in the Industrial Internet Platform Ecosystem

Low carbon has become a highly relevant topic in today’s society, particularly for manufacturing enterprises. To gain insight into how manufacturing enterprises embedded in the industrial internet platform make decisions regarding low-carbon technology innovation, this article examines the service quality of the platform, the low-carbon preferences of the manufacturing enterprises, and government subsidy factors. A platform ecological system game model, comprised of a single manufacturing enterprise and an industrial internet platform, is then established. The results indicate that, under the model’s assumptions, the decarbonization of production can only occur when the cost of low-carbon innovation is below a specific threshold. Decentralized decision making is more effective in promoting low-carbon innovation by the manufacturing enterprises when the cost of low-carbon technology innovation is low. The greater the service quality of the industrial internet platform, the stronger the positive influence of the low-carbon preferences of users and government subsidies on the low-carbon innovation level of the manufacturing enterprises. This study offers useful decision-making advice for both the industrial internet platform and the manufacturing enterprises.

ECONOMIC SIGNIFICANCE OF THE ORGANIZATION AND CLASSIFICATION OF COST ACCOUNTING

The article will consider options for classifying the costs of an enterprise, consider the importance of grouping types of costs by individual characteristics, consider the importance of classification. The purpose of the study is to determine the most optimal of the cost classification options as a goal. For this purpose, the methods of conducting research analysis in the works of well-known scientists and economists were used. The author made proposals on the classification of innovation costs aimed at creating products and improving the quality of products.

A new biform game-based investment incentive mechanism for eco-efficient innovation in supply chain

In supply chain, when a visionary focal firm makes direct investment in his partners’ upfront cost of eco-efficient innovation, he would want more innovation efforts without sacrificing too many self-interests. To this end, we use a new biform-game model to develop an investment incentive mechanism for eco-efficient innovation in a supply chain consisting of two competing manufactures who are accountable for their respective eco-efficient innovations and a supplier who provides them with investments. Our proposed biform-game model can be regarded as a nested combination of noncooperative and cooperative games: In the noncooperative part, we construct a noncooperative game between the two manufacturers under their profit maximizing strategies, defining the competitive environment in the cooperative part. For three players in the cooperative part, we use Minimax and Maximin principles to construct their cooperative game of the investment cooperation strategy, which is proven to be convex. Subsequently, Shapley value is employed to derive the solution (profits) of the cooperative game, which is used to deduce the pay-off functions of the noncooperative part, thereby obtaining the optimal profit-maximizing strategies and investment cooperation strategies of the biform game. Next, we conduct analytical and numerical studies to verify the validity of our developed model by comparing with the model without applying the biform coordination mechanism.

Innovation management framework for achieving sustainability through managing risks of innovative solutions during the design process

PurposeThis paper aims to develop an innovation management framework for achieving sustainability by managing risks associated with innovative solutions during the design process.Design/methodology/approachTo achieve the abovementioned aim, a research methodology was designed to achieve four objectives. Firstly, a literature review was conducted to investigate the concepts of sustainability, innovation, innovation management and innovation and the design process. Secondly, three case studies were selected and analysed to validate the identified risks of innovation and to investigate the role of innovation management towards managing risks of innovation during the design process. Thirdly, a survey questionnaire was carried out with a representative sample of architectural design firms (ADFs) in Egypt to examine their perception and application of innovation management as an approach to managing risks of innovative solutions during the design process. Finally, developing an innovation management framework to achieve sustainability through managing risks associated with innovative solutions during the design process.FindingsThe literature review revealed that innovation plays a significant role towards achieving sustainability objectives, but integrating innovative solutions during the design process is frequently associated with risks. During the course of this research, 30 risks of innovation were identified and classified into four categories of product, process, person and press. Case studies showed that ADFs that applied innovation management approaches were successful in managing the risks associated with innovative solutions, whereas others that failed to use such approaches failed to meet sustainability objectives. Results of the survey questionnaire revealed that ADFs not only recognised the importance of innovative solutions in developing sustainable projects but also showed a gap between theory and practice. “Project delivery” is the most important type of innovation for ADFs in Egypt, followed by “building technologies” and “organisational culture”. Moreover, there is a misalignment between ADFs’ perceptions and the strategies used to deliver successful innovations. The highest risks of innovation are “unanticipated cost of innovation”, “manufacturing technologies and development issues” and “failing to meet technical criteria”.Research limitations/implicationsBecause of the conceptual nature of the developed framework, it has to be tested and validated to ensure its capability to achieve sustainability through managing the risks of innovative solutions during the design process which, in this research, adopted the Royal Institute of British Architects plan of work stages. Moreover, the lack of data availability directed this study to present and analyse only three case studies.Practical implicationsThis research presents a practical solution to achieve sustainability through managing risks of innovation during the design process. It is a structured tool that can be used by ADFs in Egypt towards facilitating the shift in the direction of a more economically viable, environmentally friendly and socially acceptable built environment.Originality/valueAlthough innovative design solutions are needed in developing sustainable buildings, a practical and systematic framework to manage associated risks during the design process is still lacking. In addition, current studies are business-oriented and need to be reinterpreted to fit with the architectural, engineering and construction disciplines. Thus, this research developed an innovation management framework to achieve sustainability through managing the risks associated with innovative solutions during the design process, which represents a synthesis that is novel and creative in thought and adds value to the knowledge in a manner that has not been previously explored.

Assessment of the effectiveness of innovative activities of enterprises in the West Kazakhstan region

The article provides a comprehensive analysis of the level of innovativedevelopment of the West Kazakhstan region, and examines the importance of innovation ingeneral for improving the competitiveness of the region. A prerequisite for the development ofthe state’s innovation economy as a whole is the analysis of innovative and spatial regionalindicators of its individual regions. Therefore, the article provides a comprehensive analysisof the dynamic indicators of enterprises in the West Kazakhstan region for the introduction ofinnovations and implementation of innovative activities. In addition, the costs of producingproduct and technological innovations for each region located in the western region have beenstudied comparatively. Using the induction method of research, the innovative activity of theregion was calculated. Based on the results obtained, the main problems and constraints for thedevelopment of innovative activity were identified. The innovative activity of enterprises in theWest Kazakhstan region was evaluated, and ways of its sustainable and effective development inthe future were proposed.

Subsidy expiration and greenwashing decision: Is there a role of bankruptcy risk?

Subsidies greatly matter for green performance and sustainable growth through alleviating financial needs. However, once a subsidy shock occurs, caused at the point at which the subsidy expires, bankruptcy risk, and the business strategy known as greenwashing, potentially arise. This paper seeks to identify the relationship between subsidy shock and greenwashing through accessing information on Chinese listed companies during the period 2011 to 2021, and we have raised several findings accordingly. First, subsidy shock has a significant and positive effect on greenwashing behaviors. Second, we further uncover that companies with high financial risk or that are financially constrained are strongly motivated to greenwash after a subsidy expires. Companies that are motivated by subsidy shock to greenwash are significantly present in low competition markets. Moreover, we show that the greenwashing is created by reducing investment in innovation and efficiency, and increasing green innovation costs when organizations are facing financial risks. By identifying and deploying different measurements of greenwashing, we show our results to be robust.

Pharmaceuticals, incremental innovation and market exclusivity

This paper assesses the welfare gains from incremental innovation in pharmaceuticals. Such innovation can yield consumer gains through improved quality, but the additional market exclusivity granted to innovators may also delay generic entry, a practice referred to as “ever-greening”, and reduce consumer surplus. Quantifying this trade-off is vital in determining the optimal patent policy and regulatory treatment of incremental innovation. To shed light on this problem, I focus on incremental innovations in selective serotonin reuptake inhibitor (SSRI) anti-depressant drugs. Based on individual-level prescription data, I conduct a structural estimation and found that the consumer surplus losses due to market exclusivity extensions far exceed the consumer surplus benefits from incremental innovation. Without considering innovation costs, the benefits to innovators from incremental innovations ranged from $660 million to $2.16 billion even in the absence of market exclusivity. Evidence indicates that the market exclusivity granted for incremental innovations in SSRIs resulted in a loss of social welfare of between $4.78 billion and $11.68 billion over the period 1996–2011. The result suggests that policy makers may need to revisit the provisions for granting market exclusivity to incremental innovations.

ОБЗОР РАЗВИТИЯ ИННОВАЦИОННОГО ПОТЕНЦИАЛА В РОССИИ В СОВРЕМЕННЫХ УСЛОВИЯХ

To assess the country’s innovative potential and develop concepts for further economic development and develop a strategy for digitalization of the Russian economy, it is necessary to analyze the general structure of indicators of innovation activity, costs of innovation, the share of organizations carrying out technological innovations and sources of financing by type of economic activity, consider tools and main directions technological development.

Analytical assessment of the economic efficiency of innovations in the field of agro-industrial complex

Significant financial resources are invested in the innovative economic development in all countries of the world. At the present stage of development of the Russian Federation, there is a complex of problems hindering the introduction of innovations in the activities of most sectors of the national economy of Russia. The modern methodology for evaluating the efficiency of investments does not take into account the innovative component, and the calculation of efficiency is carried out by the “boiler” method, where it is difficult to identify the role and significance of innovations in increasing the effect of investment activity. To solve this problem, it is proposed to identify and evaluate the efficiency of innovations and their profitability, separately from the integral investment costs by analytical decomposition of investment profitability parameters. The proposed algorithm allows to explore not only the quantitative side of investments and their volumes, but also evaluate the quality of the investment project, explore and analyse the cost structure, its qualitative characteristics, and identify the most effective investment and innovation costs.

Think Twice, It’s Alright: Innovative Antitrust Cases, Innovation Costs, and the Possibilities of an Innovative Criminal Antitrust Law

Think Twice, It’s Alright: Innovative Antitrust Cases, Innovation Costs, and the Possibilities of an Innovative Criminal Antitrust Law

УПРАВЛІННЯ ЯКІСТЮ В УМОВАХ ЗАБЕЗПЕЧЕННЯ ІННОВАЦІЙНОЇ СТРАТЕГІЇ ДІЯЛЬНОСТІ ПІДПРИЄМСТВА

The article is devoted to the substantiation of the interdependence of quality management processes and the formation and implementation of the innovative strategy of the enterprise under the conditions of rapid changes and modern challenges of the real business environment. Definitions of quality, quality management, innovation, innovative strategy of enterprise activity in their interdependence have been studied and substantiated. General characteristics of products (goods and services) and factors affecting their quality (production, resource, economic) are systematized in order to find ways to increase the efficiency of quality management in the general management system of the enterprise. Modern quality management systems are analytically systematized, taking into account the evolutionary logic of their formation, current challenges and prospects for implementation. The main quality management systems are defined as ISO, TQM, Quality Awards, Six Sigma, Lean Manufacturing, Kaizen, Best Practices, which can be used to implement innovative enterprise strategies. The innovative strategy of the enterprise is considered from the point of view of the stages of its development and implementation. Analyzed four types of enterprise innovation strategy (proactive, active, reactive, passive) from the point of view of their content, goals, type of technological innovation, sources of knowledge, innovation costs, risks, priority quality management systems (emphasized by us), examples of real business structures. The relationship and interdependence of the totality of quality management processes based on the choice of an adaptive system of innovative development of a modern enterprise based on the development of an appropriate strategy is proven. At the same time, the importance of innovative provision of both the general strategy of the enterprise and the actual quality management process is defined.

Exploring the Relationship between Industry Characteristics and the Adoption of an Innovative Cost Accounting Method: A Literature Review on the Greek Context

Exploring the Relationship between Industry Characteristics and the Adoption of an Innovative Cost Accounting Method: A Literature Review on the Greek Context

УДОСКОНАЛЕННЯ ІННОВАЦІЙНО-ІНВЕСТИЦІЙНИХ ПІДХОДІВ У СИСТЕМІ УПРАВЛІННЯ ЗЕМЕЛЬНИМИ (ҐРУНТОВИМИ) РЕСУРСАМИ ЗА ЦИРКУЛЯРНОЇ АГРАРНОЇ ЕКОНОМІКИ

The article develops the main conceptual approaches to the management of land (soil) resources in the conditions of the formation of a circular agrarian economy. The need to transform the economic system of the agrarian sector due to the current inability to ensure sustainable management of land (soil) resources and competitiveness of the agrarian sector in the future in accordance with the goals of sustainable development is substantiated. Monographic studies show that unavoidable annual losses due to the presence of land degradation in Ukraine amount to about 24 billion dollars. USA, in particular, 5,5% are direct economic losses of land users and 94,5% are ecological and economic damage (losses) as a result of a decrease in the provision of ecosystem services of lands (soils) for all stakeholders. The role of the agricultural sector in the national economy is summarized and numerical imbalances in innovation and investment activities are revealed. Thus, in 2010–2020 years, the specific weight of the agricultural sector in the country’s GDP was within 2019–2020 years of 7–10%, in terms of gross profit (mixed income) – 15–23%, and in exports of goods and services – 6–21%. However, capital investments in the agricultural sector did not have sustainable growth and did not exceed 10% of the country's economy in 2019–2021 years, or remained almost at the level of 2010 year. At the same time, capital investments in land resources decreased to 0,4% in 2021 year and had a clearly pronounced downward trend. It was found that innovative costs of the agricultural sector are formed by almost 90–100% due to budgetary and own funds of organizations, while in the economy only by 50–60%. It is highlighted that the reasons for this situation of the agrarian sector are their low interest and activity, almost the entrepreneurial sector and private investors do not participate in the financing of innovations. As a result of the research, a cascade scheme of land (soil) resource management was formed for the transition to a circular agrarian economy, which is entrusted with the task of solving problems related to the sustainable development of land use.

ЕФЕКТИВНІСТЬ КОРПОРАТИВНИХ СТРАТЕГІЙ БНП У НАУКОВО-ТЕХНОЛОГІЧНОМУ ОБМІНІ

In the modern scientific literature, there is currently no statistically confirmed significant relationship between the amount of innovation costs of companies and the effectiveness of their financial and economic activities. The fact is that the environmental conditions for the functioning of national innovation systems favorable for corporate R&D are a necessary, but not sufficient, condition for entrepreneurial and business structures to maintain competitive leadership. The main measure of the effectiveness of the BNP corporate strategies of scientific and technological exchange is their ability to ensure a qualitative update of the technological base of production and the organizational system of business operations. The strategy of scientific and technological exchange of BNP in the author's interpretation can be qualified as a generalized model of their purposeful activity in order to achieve the key goals of competitive development in global coordinates based on the effective use of the domestic and global business environment for the design, development and production of qualitatively new types of goods and services, equipment and technologies, objects of work and objects of intellectual property. At the same time, the global innovation strategies of BNP are a concentrated reflection of the transnationalization of production and capital as the highest form of development of the internationalization of economic life. The techno-globalization conditions of the corporatization of technological transfer put the implementation of hybrid strategies of scientific and technological exchange, which are based on the convergent combination of the most constructive elements of traditional strategies of technological transfer, among the priority factors of the competitive leadership of BNP. This opens up to multinational companies wide opportunities for the simultaneous application of fundamentally different mechanisms, ensures a high level of flexibility and adaptability of hybrid strategies to the turbulent conditions of technological globalism, with the involvement of all possible links in the generation of profits in the scientific and technological exchange of BNP.

Evolutionary game analysis of low-carbon technology innovation diffusion under PPP mode in China.

With the Public-Private Partnership (PPP) mode playing an increasingly important role in the investment of infrastructure, promoting the diffusion of low-carbon technology innovation in PPP projects not only helps to reduce the carbon emissions of infrastructure, but also plays an important demonstration role in the low-carbon transformation of construction industry. In order to clarify the evolutionary mechanism of low-carbon technology innovation diffusion among stakeholders under the unique payment mechanism of PPP projects in China, the paper builds two different evolutionary game models respectively under government payment mechanism and consumer payment mechanism based on evolutionary game theory. The evolutionary relationship between the choice of behavior strategies and the change of influencing factors under different payment mechanisms are analyzed by numerical simulation. It is found that under government payment mechanism, the regulation cost of government to promote low-carbon technology innovation and the punishment of the superior regulatory authority for non-regulation behavior are the important factors affecting government's behavioral strategies. The low-carbon technology innovation cost of social capital and the intensity of government subsidy and punishment are the main factors affecting social capital's behavioral strategies; Under consumer payment mechanism, consumer becomes the ultimate payer of low-carbon products, and the income they get from purchasing low-carbon products and the subsidy provided by the government become the main factors determining consumer's behavioral strategies. Finally, from the perspective of government, social capital and consumer, countermeasures and management implications are put forward to effectively promote the diffusion of low-carbon technology innovation under different payment mechanism in PPP projects.

FINANCIAL ASPECTS OF INNOVATIVE STATE DEVELOPMENT MANAGEMENT IN MODERN CONDITIONS

Introduction. The issue of financial support for the management of innovative development of the state in modern conditions is highlighted. The analysis of the sources of financing of innovative activity was carried out, indicating negative trends in the structure and conditions of financial support for the management of innovative development. Recommendations have been developed for the improvement of innovative activity, taking into account the continuity of reproductive processes, which are implemented in the presence of a sufficient amount of financial resources by distinguishing the mechanism of financing, planning, budgeting and balancing of cash flows. Goal. The purpose of the article is to analyze the state, features of the financial support of innovative development of the state and assess its consequences in the conditions of modern economic transformations in order to identify the optimal directions of management of innovative processes. Research methods. The methods of generalization, systemic and structural-logical analysis were used in the process of preparing the article. The results. It is substantiated that in modern conditions, the imperative of innovative development is determined by the novelty, complexity, intensity and danger of global transformations, which determines the expediency of using management tools and their adaptation to a specific situation. It has been proved that the key role in the innovative development of the state is played by financial resources, due to which all stages of the innovation process are provided and various links of innovative activity are coordinated. The state of financial support for the management of innovative development is analyzed, since the economic effect of such development is determined by the ability to accumulate a sufficient amount of financial resources for the implementation of innovative ideas and affects the speed of bringing innovations to the market, and therefore, their commercial success. Attention is focused on the fact that the reduction of research and development costs, as a result, the reduction of the attractiveness of the research system for young scientists, the low concentration of researchers, the insufficient level of development of the innovation infrastructure, the limitation of the tools of institutional and financial support for innovators caused a negative impact on the reduction of the effectiveness of innovation activity. insufficient protection of intellectual property rights. It is proposed to ensure effective financing of innovative activities of economic entities by releasing a certain part of financial resources as a result of the introduction at the state level of special accounting and depreciation and tax policy regimes, as well as by attracting external investors to finance innovative projects, participation in international projects, within the framework of which innovative developments of enterprises will be supported. Recommendations have been developed for the activation of innovative activities through the use of various forms of state financial support; stimulation of investment in the innovative sphere; increase in funding of priority areas of science and innovation; balancing the volumes of expenses for fundamental, applied research and development; establishment of cooperation between the state and business sectors regarding the commercialization of innovations; expansion of interstate cooperation. Key words: financial support, innovative activity, innovative costs, sources of financing, innovative development, innovative processes, financial support, investment resources.

ACCOUNTING FOR MANAGEMENT OF INNOVATIVE ACTIVITIES OF ENTERPRISES

Trends in the development of production in the information economic environment indicate the need for its further effective functioning exclusively according to the innovative model. Innovative activity differs from any other activity of the enterprise by the presence of an intellectual component, necessarily secured by the property rights, correctly presented information about which can influence management and investment decisions. Accounting contributes to the formation of complete and reliable information about any activity of a business entity that has a social and economic effect. The article examines the essence of innovative activity of enterprises and its regulatory and legal regulation. An analysis of the research and development costs in Ukraine by funding sources was carried out. The specific weight of the research and development expenses as a percentage of the GDP of individual countries of the European Union and in Ukraine was analyzed. On the basis of current Ukrainian legislation and methodical literature, the objects and subjects of innovative activity are defined. The system of information support of the innovative activity of the business entity is given, which will ensure effective management and the adoption of high-quality management decisions regarding the innovative activity of the enterprise. It has been established that the responsible stage of the accounting support of innovative activity is the substantiation of its objects, during the determining of which it is necessary to take into account the economic nature of innovations, the technological features of their creation and use, the requirements of regulatory and legislative acts regarding monitoring and control over their compliance, the need for information for analysis and evaluation of innovative activity and its forecasting according to relevant indicators. The current method of organizing the accounting of innovation activities in terms of accounts for accounting for innovations by types of innovation costs has been studied, which will provide an opportunity to receive more complete, operational and reliable information about innovation processes at the enterprise for the purpose of further economic evaluation of the effectiveness of innovative projects and programs

Management based on the principles of marketing of ecologically-oriented innovative development strategies in the post-war period: national and international aspects

The aim of the article. The goal is to develop an approach to management (based on the principles of marketing) of the formation and implementation of strategies for ecologically oriented outstripping innovative development of business entities, which would ensure the transition to sustainable economic growth in the direction of the fourth industrial revolution and the transformation of technological systems, as well as the elimination or reduction of environmental threats to the national (including regional and local), as well as international levels caused by hostilities. Analyses results. The main ecological threats caused by military actions on the territory of Ukraine are defined and systematized according to the directions of influence (domestic or international). An approach to determining the priority of their elimination or reduction is proposed. A sequence was formed and the content of the strategic marketing analysis procedures was outlined to determine innovative approaches to the elimination of environmental threats, and in their direction, corresponding innovative developments, in particular: 1) definition of the circle of those interested in the elimination/reduction of environmental threats, their problems caused by these threats, as well as requests for solving problems; 2) identification of the problems of product manufacturers (service providers) who can offer ecologically oriented innovative developments; 3) forecasting trends in the development of STP in the field of product manufacturers (service providers); 4) determination, on the basis of a joint analysis of the results of previous procedures (1-3), of innovative activity areas, and in their direction of specific innovative products (their main technical and economic characteristics), which are intended for the elimination of environmental threats; 5) development of the principles of innovative development strategy based on ecologically oriented innovations. Methodical principles for choosing a strategic approach to ecologically-oriented innovative development of a business entity have been developed, which include taking into account: the adequacy of the level of potentials-subsystems of the potential of innovative development of the business innovative entity for the implementation of greening strategies of innovative development in the post-war period; consumption costs of the ecological innovation and the usual analogue (if available); circles of organizations and/or population groups (society) interested in eliminating/reducing environmental threats and solving the problems caused by them; opportunities for obtaining ecological competitive advantages by interested organizations and consumers of ecological innovation; possibilities of state (regional) or international support for socially significant environmental innovations. A corresponding decision table has been developed. A system of measures for marketing support of the process of creation and implementation of ecological innovations at the stages of their innovation and life cycle has been formed, which allows to reasonably manage both the specific innovation process and plan measures to withdraw the existing innovation from the market and introduce the next one. Conclusions and directions for further research. The obtained results collectively form the basis of the approach to management of the creation and implementation of strategies of ecologically-oriented innovative development in the post-war period. These strategies provide the conditions for the transition to sustainable economic growth in the direction of the fourth industrial revolution and the transformation of technological systems. At the same time, they are focused on the elimination or reduction of environmental threats at the local, regional, national, and international levels caused by military actions. Further research should be aimed at forming the foundations of the organizational and economic management mechanism on the basis of marketing strategies of ecologically-oriented innovative development in the post-war period, which would ensure the transition to sustainable economic growth in line with the concept of innovative advancement in the conditions of technological transformations.

Innovative development of small business: Assessing the impact on GRP in Russia

Subject. This article discusses the contribution of small business to ensuring economic growth in the regions of Russia. Objectives. The article aims to identify the relationship between the innovative activities of small business and the indicators of development of regional economic systems. Methods. For the study, we used statistical methods of interaction detection and linear predictive models with loss functionality in the form of quantile functions. Results. The article notes that the calculations made do not confirm the hypothesis that there is a significant impact of small business and its innovative activities on the gross regional product. A significant relationship is observed between the costs of innovation of small enterprises and the gross regional product only. Conclusions. A quantile regression model based on GRP data and investment in innovation is ineffective. Increased investment in innovation cannot be considered as a possible predictor variable of GRP growth.