Production and Innovative Expenditures in Polish Industry
Production and Innovative Expenditures in Polish Industry
Author(s): Jan ZwolakSubject(s): Economy, National Economy, Business Economy / Management
Published by: ASERS Publishing
Keywords: : regression relationship; innovations; industry; Poland;
Summary/Abstract: Lying at the core of the research subject was the hypothesis that the formation of the value of the innovative production sold by the Polish industry is impacted more greatly by the streams of expenditures on physical capital, rather than the investment in human capital. Econometric analysis of the regression relationship between innovative marketed output and innovation expenditure involving physical and human capital shows that the relationship is determined by a homogeneous function in which innovation expenditure and innovation effects increase by the same percentage (1%). The cause thereof is asymmetry of the influence (elasticity) of physical capital (0.693) as compared to human capital (0.270) in Polish industry in the 2011-2013 period.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XIV/2019
- Issue No: 63
- Page Range: 42-49
- Page Count: 8
- Language: English