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@inproceedings{48061, author = {Vokoun, Marek}, address = {Ostrava}, booktitle = {Proceedings of 15th International Scientific Conference: Economic Policy in the European Union Member Countries}, edition = {1.}, editor = {Filipová L. et al.}, keywords = {economic policy; framework programmes; manufacturing; innovation; subsides}, howpublished = {elektronická verze "online"}, language = {eng}, location = {Ostrava}, isbn = {978-80-248-4155-7}, pages = {296-305}, publisher = {VŠB-TU Ostrava}, title = {The efficiency of innovation Economic policy: the Case of the Czech Economy between 2012 and 2014}, year = {2018} }
TY - JOUR ID - 48061 AU - Vokoun, Marek PY - 2018 TI - The efficiency of innovation Economic policy: the Case of the Czech Economy between 2012 and 2014 PB - VŠB-TU Ostrava CY - Ostrava SN - 9788024841557 KW - economic policy KW - framework programmes KW - manufacturing KW - innovation KW - subsides N2 - This paper evaluates innovation economic policy in the Czech economy between 2012 and 2014. The analysed sample consists of 10144 observations of which 1588 are about new-to-the-market innovators. The estimation uses three stages from the innovation process model and accounts for selection bias. There is strong evidence that public support is not a very efficient public policy tool and ambiguous results were observed in the detailed view. The local government funding was statistically insignificant in case of the innovation input intensity measured by the log of R&D expenditures per employee and also in the case of innovation output intensity measured by sales from innovated goods and services. Central government funding led to a crowding-effect of public support in the market, but it was not present in manufacturing industry. The EU funding was the most successful economic policy tool although no additional effect of this funding was observed on the innovation output. Framework programmes were an unsuccessful economic policy tool and in case of service industry they contributed to a negative innovation output. ER -
VOKOUN, Marek. The efficiency of innovation Economic policy: the Case of the Czech Economy between 2012 and 2014. In Filipová L. et al. \textit{Proceedings of 15th International Scientific Conference: Economic Policy in the European Union Member Countries}. 1. vyd. Ostrava: VŠB-TU Ostrava. s.~296-305. ISBN~978-80-248-4155-7. 2018.
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