Increasing numbers of economists and policymakers consider that reindustrialisation is a key factor in enhancing economic growth and a better standard of living in post-crisis Europe. Therefore, a new European Union industrial policy focuses on increasing manufacturing share in gross domestic product (G.D.P.). The assumption of recently developed theoretical models states that development of the financial sector is essential for economic growth and therefore for the growth of the manufacturing industry. The aim of this research is to examine the importance of the financial conditions in the process of industrialisation in Central and Eastern European countries. The results of a macro panel model that examines which factors influence the manufacturing value added as a percentage of G.D.P. suggest that the role of the financial sector is very important for the level of industrialisation in the analysed countries. The research is based on data collected from the World Development Indicators database published by the World Bank for the period from 2005 to 2015.
The aim of this paper is to explore whether the gender of top manager plays an important role in innovation activities in selected CEE countries. For this purpose, a framework of logistic binary regressions is applied to the firm-level data from Business Environment and Enterprise Performance Survey (BEEPS). The research assesses the differences in firm innovation activities in CEECs considering the gender structure of the top management. Findings indicate that, on average, there is a lower possibility that a firm innovates when it is governed by a female manager. However, women in top management are underrepresented in all the industries but this is specially the case in highly innovative sectors such as IT industry.
Innovation activities are one of the most important engines behind economic growth. Among factors that facilitate development of innovations a particularly prominent place belongs to social and cultural diversity of particular geographic areas. Contributions within a number of academic disciplines point to the positive impact of the heterogeneity of the population on the generation of new ideas, knowledge diffusion, entrepreneurship and economic growth. However, the relationship between migration movements and innovations at the regional level has been investigated to a lesser extent. This is especially true when it comes to spatial effects of migration movements on innovations that have not been addressed in the existing literature. The objective of this research is to explore spatial impact of migration movements on innovation activities of Croatian counties in the 2005-2013 period. Results obtained using the spatial panel Durbin econometric technique point to a negative intraregional and positive interregional impact of intercounty and international migration movements on regional innovation activity. Increased innovation activity within individual regions has a positive impact on the same activity of neighbouring regions.
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