Assessment of the Relationship between Innovations and Economic Performance of Manufacturing Enterprises in Poland

Journal Title: Acta Scientiarum Polonorum. Oeconomia - Year 2018, Vol 0, Issue 0

Abstract

Long-term economic growth is based on innovations, and these depend, among others, on investments in research and development (R&D). The aim of the paper is to measure and assess the impact of innovations on the competitiveness of manufacturing enterprises. Depending on the model version, sold production or gross value added were adopted as a measure of competitiveness. The study is based on the analysis of the Cobb–Douglas production function extended by a variable describing innovations (expenditure on innovative activity). The research process was implemented for the period 2009–2016 and is a contribution to determining the role of innovations in shaping the economic performance of enterprises. The set of input variables is based on statistical data published by the Central Statistical Office of Poland (GUS). A positive and statistically significant estimation of the autoregressive coefficient in both the sold production model and the gross value added model shows the dependence of the analysed categories on the results achieved in previous periods. The legitimacy of using dynamic panel data models has been confirmed empirically.

Authors and Affiliations

Elżbieta Roszko-Wójtowicz, Iwona Laskowska, Maria M. Grzelak

Keywords

Related Articles

Food Product Innovations and the Main Consumer Trends

Relatively slowly growing global food markets, soft demand, and ample supply make product innovations a key factor in attracting consumers attention. Consequently, in order to develop successful innovative products food...

The Role of Sports Broadcasts in Gaining Competitive Advantage by Tv Stations

The aim of this paper is to explore the role of sports broadcasts in achieving competitive advantage by TV stations over their rivals on the basis of primary and secondary sources. Firstly, the study provides a review of...

Risk of Overinvestment in Municipalities

This article describes investment activities of self-government territorial units. Its aim is to present the importance of investments for the provision of public services by municipalities. The opinions of the responden...

Changes in European Union Farm Structure and Their Multidimensional Implications

The aim of the paper was to identify the tendencies in the farm structure in EU-28 countries from 2008 till 2016 and point out their implications. The analyses revealed that during the examined period the very impressive...

Interventionism on the Agricultural Land Market - a Critical Analysis

The aim of the article is the economic evaluation of the effects of interventionism on the agricultural land market in the light of the Austrian school of economics theories. The analysis refers mainly to the policy of f...

Download PDF file
  • EP ID EP536038
  • DOI 10.22630/ASPE.2018.17.4.64
  • Views 105
  • Downloads 0

How To Cite

Elżbieta Roszko-Wójtowicz, Iwona Laskowska, Maria M. Grzelak (2018). Assessment of the Relationship between Innovations and Economic Performance of Manufacturing Enterprises in Poland. Acta Scientiarum Polonorum. Oeconomia, 0(0), 171-178. https://europub.co.uk./articles/-A-536038