IMPACT OF INSTITUTIONAL DENSITY ON ECONOMY'S RESEARCH PROJECT NETWORKING AND COMPETITIVENESS: CASE OF SELECTED EU COUNTRIES
The paper analyses impact of institutional density on networking and competitiveness of six selected EU countries. Based on the empirical data on European highly-innovative research projects NEST 2004 and 2005 and ERA-Net Series 2 we study to what extent the countries participate at these projects. The results show that participation of some countries in such programs is insufficient. Our model shows that despite the fact that country size has a certain impact on project participation rate in the analyzed types of projects, such relationship is only partial. The paper also shows that transformation rate of the knowledge-related inputs into the knowledge-related outputs is in the case of the Czech Republic and Slovakia much lower compared to the most developed countries with comparable size (Sweden, Denmark, Austria and Finland).
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