Endogenne bariery przejścia polskiej gospodarki do innowacyjnej fazy rozwoju
Endogenous barriers to the transition of Polish economy to the innovation-driven stage of development294-

Summary/Abstract: The aim of paper is to identify the features of the transitory stage of economic development between the investment-driven and innovation-driven stages. The analysis was based on the inferences drawn by the institutional and endogenous growth theory. It was found that the main barriers to the advancement to the innovation-driven stage of development are the following: institutional obstacles including high transaction costs, variability of law regulation system, asymmetry of information, and risks in relations between companies and R&D sector. Barriers to the transition include also development paradigms of polish fi rms, shortsightedness in their decision making, and high level of risk of innovation activity. These fundamental features of the transitory stage of development are the key causes of a low innovativeness level of the economy and a lack on innovation-promoting results of structural public support from the EU.

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