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2012 | 1 | 43-67
Tytuł artykułu

INOVĀCIJAS EKONOMISKĀS IZAUGSMES UN LEJUPSLĪDES LAIKĀ NOZARU GRIEZUMĀ: DIVU POLU PIEMĒRS

Treść / Zawartość
Warianty tytułu
EN
Innovation in Economic Growth and Downturn Periods in the Framework of Economic Sectors: Examples of Two Poles
Języki publikacji
LV EN RU
Abstrakty
EN
The article describes the original empirical research, which is based on the actual topic regarding the impact of innovation on economic development. The relevance of this topic is reinforced by the fact that the global economic downturn influenced the choice of many countries which economic sectors should form the fundament of economy. Choices are different, but the common opinion is that the economic development should be based on knowledge-intensive and high technology sectors which form the basis of an innovative economy (for example, strategy “Europe 2020” and its initiative “Innovation Union”). Making choice in favour of innovation can be justified by the essence of the new endogenous growth theory, as well as on the research findings that according to the Russian economist Kondratiev’s big cycles of conjuncture the modern economy is in its fifth stage of development meaning that the economic growth should be based on the technology, knowledge, intellectual capital and productivity. The above mentioned qualities can be achieved and developed through innovation. Taking into account the role of innovation in economic development and the recent global economic downturn, as well as its negative impact on all sectors of economy, this paper aims at characterizing the impact of innovation on sectors of economy during the periods of economic growth and downturn. The author analyses the impact of innovation on sectors of the economy in periods of economic growth and downturn which is different in economic sectors, as well as on the economy as a whole. After processing and analysis the available statistical data, the author finds that while innovation contribute to the development of economic during economic growth, in turn, during the economic downturn the most sensitive to the negative effects of economic downturn are innovative branches. The analysis is based on the examples of two poles (Sweden and Latvia). According to the Innovation Index Sweden is in the most innovative, but Latvia the least innovative country in the European Union. The research work in this article is based on the following methods: scientific methods – analysis, synthesis, monographic method; economic method – institutional analysis; statistical methods – analytical grouping, state series
Bibliografia
Typ dokumentu
Bibliografia
Identyfikatory
ISSN
1691-1881
Identyfikator YADDA
bwmeta1.element.desklight-daac8f04-9438-40ba-94e5-1f17ecab4c40
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