Productivity of Innovations in European Union Member States and Enterprises
Productivity of Innovations in European Union Member States and Enterprises

Summary/Abstract: The regression dependence of sales value of new innovative products onto the total innovative expenditure in EU enterprises and member states has been analyzed considering a breakdown into groups of countries above or close to the EU innovation average (N=14) and a group of countries below the EU innovation average (N=14) in 2012 and 2016. Based on the Cobb-Douglas regression model, marginal and mean productivity values were determined within the range of total innovative expenditure in enterprises and countries above or close to the EU average innovation and below the EU average innovation in 2012 and 2016. The shaping of marginal and average productivity in the determined country and year groups allowed for an indication of the areas of rational management of the total innovative expenditure in these countries. The research confirmed the hypothesis that a group of countries above the EU innovation average, or those close to this average value, is located within the rational management zone, whereas countries below the EU innovation average are located within the initial zone of irrational management of the total innovative expenditure, regardless of the year in which the study was conducted.

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