SOME DEPENDENCIES BETWEEN INNOVATION, THE ECONOMY AND INCOME
SOME DEPENDENCIES BETWEEN INNOVATION, THE ECONOMY AND INCOME

Summary/Abstract: Innovation is one of the most recognizable factors for economic growth and competitiveness. The development of the theory of innovation systems leads to the identification of a number of features at the sectoral level that predetermine technological dynamics and serve as a basis for distinguishing high tech from low tech industries, sectors and activities. Innovation and the transfer of technological knowledge are increasingly seen as drivers for the development of the low-tech or traditional sectors of the economy. The current paper discusses some key dependencies between innovation,economy and income. Based on European innovation scoreboard a comparative analysis between Bulgaria, Romania, average EC and innovator leaders Denmark and Belgium.

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