No. 35 (2011)
Artículos

Does Innovation Performance Depend on Economic Growth? The Case of a Country in Transition

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  • Andrzej H. Jasinski
Andrzej H. Jasinski
Universidad de Varsovia
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DOI: https://doi.org/10.24275/ETYPUAM/NE/352011/Jasinski
Published December 1, 2011
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Abstract

This paper is an attempt to analyze a possible influence of economic growth on innovation performance. Econometric model based on principal component analysis is the research tool. Poland, as a country in transition, is here a case-study. The analysis has confirmed an interesting pattern: in 1989-2007, corporate innovation performance was changing, in principle, in the same direction as macro-economic changes but with a oneto-two-year delay. This is some proof that the innovation activity followed the cyclical development of the national economy. Innovation performance was demand-driven, i.e., pulled by demand resulting from the economy’s recovery and high economic growth. So, technological innovation appeared to be highly sensitive to the general economic situation in Poland as a transitional economy. Economic growth seems to be a kind of tagboat pulling innovation activities in the business sector.
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