Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259250 
Year of Publication: 
2020
Citation: 
[Journal:] Comparative Economic Research. Central and Eastern Europe [ISSN:] 2082-6737 [Volume:] 23 [Issue:] 4 [Publisher:] Łódź University Press [Place:] Łódź [Year:] 2020 [Pages:] 87-108
Publisher: 
Łódź University Press, Łódź
Abstract: 
In this paper, we investigate innovation factors and their role in regional economic performance for a sample of 261 EU NUTS 2 regions over the period 2009-2012. In our study, we identify regions with spillover as well as drain effects of innovation factors on economic performance. The spatial analysis indicates that both regional in- novativeness and regional development are strongly determined by the region's location and "neighbourhood", with severe consequences for Central and Eastern Europe. We assessed the impact of innovation factors and their spatial counterparts on economic performance using a spatial Durbin panel model. The model is designed to test the existence and strength of the country-effect of innovativeness on the level of regional economic status. This allows for controlling the country-specific socio-economic factors, without reducing the number of degrees of freedom. Our model shows that regions benefit economically from their locational spillovers in terms of social capital. However, the decomposition of R&D expenditures revealed competition effect between internal R&D and external technology acquisition, favouring in-house over outsourced research.
Subjects: 
regional innovation
patterns of innovation
spatial spillover
common factors
spatial panel econometric model
JEL: 
O30
O33
C21
C23
R12
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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