The impact of institutional quality on regional innovation performance of EU countries

dc.contributor.authorLaboutková, Šárka
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2014-05-22
dc.date.available2014-05-22
dc.date.issued2013-08
dc.description.abstractOne of the key attributes of a competitive economy is the ability to innovate. This ability depends not only on technological progress and capital, but also on the environment in which innovations are implemented. There are significant differences in national economic performance among states and there exist even bigger differences at the regional levels. The differences are influenced by innovation potential or more precisely by innovation performance of individual nations or regions which are evaluated within the EU through regular reports of the European Innovation Newsletter. Activities leading to innovations are costly and very risky. Companies are therefore looking for stable environment for their activities. Stable environment can be provided by quality institutions, which includes: conditions for starting a business (so-called start-up), clear and transparent rules when dealing with public administration, investor protection, tax burden, low corruption, competence of public administration and its integrity, equal access to information etc. Nevertheless, the main stream economy ignores more or less the influence of institutions and abstracts transaction costs, thus getting trapped when it is unable to explain why traditional instruments and approaches of neoclassic economy in development schemes often do not contribute to sustainable development. An analysis of selected institutional quality indexes – Doing Business and Corruption Perception Index – and the regional innovation performance index – Summary Innovation index – showed significant effect of these indexes on the innovation performance of countries and therefore regions.en
dc.formattext
dc.format.extent353-362cs
dc.identifier.isbn978-80-7372-953-0
dc.identifier.urihttps://dspace.tul.cz/handle/15240/6931
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
dc.relation.ispartofseriesLiberec economic forum 2013: proceedings of the 11th international conference: 16th - 17th September 2013, Sychrov, Czech republic, EU /[editor Aleš Kocourek];1
dc.subjectinnovationen
dc.subjectinstitutional qualityen
dc.subjectdoing businessen
dc.subjectcorruptionen
dc.subject.classificationO31
dc.subject.classificationO43
dc.subject.classificationR11
dc.subject.classificationO57
dc.titleThe impact of institutional quality on regional innovation performance of EU countriescs
dc.typeArticleen
local.accessopen
local.facultyFaculty of Economics
local.fulltextyes
local.identifier.publikace2036
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