Determinants of European Firm's Innovation and the Role of Public Financial Support

Huňady, Ján; Orviská, Marta; Šarkanová, Beata

doi:10.18267/j.efaj.115

Cited by 5 publications

(6 citation statements)

References 25 publications

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“…Moreover, a country's general tax rules can be an important attraction or deterrent to risk-taking innovators. Huňady et al (2014) and Akcigit et al (2015) claim that tax rates matter to the location of inventors and their patent registrations. The tax rates that mattered were personal income tax rates of the inventors, and those who were employed likely to take advantage of personal income tax differentials.…”

Section: Theoretical Backgroundsmentioning

confidence: 99%

Fiscal Incentives for Research and Development and Tax Subsidy in Selected Eu Countries

Szarowská¹

2017

AAK

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This article focuses on the fiscal incentives for research and development (R&D) in 20 selected EU countries. Although the single market is one of the preconditions of the EU functioning, the market for innovation and R&D within which fiscal incentives operate is very heterogeneous. The article´s aim is to compare fiscal incentives and the generosity of tax incentives using the method of Bindex (Warda 2001) and tax subsidy rates. Within the EU, only Germany, Finland and Estonia do not currently have a tax policy aimed directly at stimulating R&D. The results indicate the existence of substantial differences in provided incentivesfrom negative support or tax burden (in Germany, Denmark and Finland) to 43% tax subsidy (for SMEs in France) . The most generous R&D tax incentives are in Portugal, France and Spain. Some countries differentiate the level of subsidy across firm types and offer more generous support for SMEs than for large firms, e.g. subsidy tax rates are 29% vs. 10% in the UK and 26% vs. 43% in France. In addition, differences are reported in the largesse of tax subsidy by profit scenario -the highest support is reported in a loss-making scenario in France for SMEs.

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Section: Theoretical Backgroundsmentioning

confidence: 99%

Fiscal Incentives for Research and Development and Tax Subsidy in Selected Eu Countries

Szarowská¹

2017

AAK

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“…In line with this statement, the intensity of science, research and development together with the proportion of tertiary educated people are those factors supporting innovation performance and thus also regional economic development (Badinger et al, 2003;Sterlacchini, 2008;Acs, 2002). R&D activities of firms seem to be the key factor leading to innovation (Hunady et al, 2014). On the other hand, there are also some different results.…”

Section: Introductionmentioning

confidence: 98%

“…The technology sector appears to be particularly important for the knowledge based economy and this sector also undertakes a high share of all R&D expenditure. Higher R&D expenditure appears to further lead to more researchers, more patents and also higher economic growth (Hunady et al, 2014). Knowledge creation in high technology sectors depends significantly on university research and R&D performed by the high technology sectors themselves (Acs et al, 2013).…”

Section: Introductionmentioning

confidence: 99%

Research Activities and their Relation to Economic Performance of Regions in the European Union

Hiadlovský

Huňady

Orviská

et al. 2018

Business Systems Research Journal

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Background:The intensity of innovation could often be crucial for further economic development of the regions. Science and technology are often seen as the key factor supporting innovation in the regions. Furthermore, we can assume that higher intensity of research activities could lead to better economic performance. Objectives: Research aims to examine the link between the economic performance of the region and the intensity of science and technology activities, proxied by the share of employees in science and technology. Methods/Approach: The analysis is based on panel data for NUTS2 regions of the European Union (EU) member states. We conducted correlation analysis, panel Granger causality tests and regression analysis. Results: Our results suggest the existence of a significant positive correlation between GDP per capita and the share of employees in science and technology. Moreover, the regions with a higher intensity of science and technology activities are mostly characterized by relatively low unemployment rates. Conclusions: Research activities are positive correlated with regional GDP and negatively correlated with unemployment. However, increasing the share of employment in science and technology beyond a certain turning point would not lead to any further positive effects on regional economic performance.

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“…The others show that R&D in V4 is not sufficient to meet the Europe 2020 strategy [Bočková 2013;Balcerzak 2015;Káposzta and Nagy 2015] or is not effective in increasing innovativeness and competitiveness [Gardocka-Jałowiec 2012;Golejewska 2013;Piekut 2013;Bartha and Gubik 2014;Daszkiewicz and Olczyk 2014;Golejewska 2014;Krajewski 2014;Hudec and Prochádzková 2015;Sierotowicz 2015]. The other authors concentrate on analysing R&D policy and its effects [Owczarczuk 2013;Huňady, Orviská, and Šarkanová 2014]. Some of the studies perform the analysis at the enterprise level [Buckley and Hashai 2014;Hölzl and Janger 2014;Huňady, Orviská, and Šarkanová 2014;Kilar 2014;Tomaszewski 2014].…”

Section: Introductionmentioning

confidence: 99%

“…The other authors concentrate on analysing R&D policy and its effects [Owczarczuk 2013;Huňady, Orviská, and Šarkanová 2014]. Some of the studies perform the analysis at the enterprise level [Buckley and Hashai 2014;Hölzl and Janger 2014;Huňady, Orviská, and Šarkanová 2014;Kilar 2014;Tomaszewski 2014].…”

Section: Introductionmentioning

confidence: 99%

Structural barriers to research and development activities in emerging markets: the case of Poland, the Czech Republic, Slovakia and Hungary

Odrobina¹

2016

EBR

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The risk of the increasing divergence of the eurozone and the problem of macroeconomic imbalances in a three-gap model Jacek Pera Structural barriers to research and development activities in emerging markets Review, Vol. 2 (16), No. 2, 2016: 39-53 DOI: 10.18559/ebr.2016 Structural barriers to research and development activities in emerging markets: the case of Poland, the Czech Republic, Slovakia and Hungary 1 Anna Odrobina 2 Abstract : The paper discusses the structural barriers to R&D in Poland, the Czech Republic, Slovakia and Hungary, emerging markets striving to build economies based on innovation and knowledge. In reality research and development in the above countries suffer from some structural faults including: deficiency in R&D investments, ineffective structure based on government funding and insufficient engagement of business in financing and implementation of R&D.

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Determinants of European Firm's Innovation and the Role of Public Financial Support

Cited by 5 publications

References 25 publications

Fiscal Incentives for Research and Development and Tax Subsidy in Selected Eu Countries

Fiscal Incentives for Research and Development and Tax Subsidy in Selected Eu Countries

Research Activities and their Relation to Economic Performance of Regions in the European Union

Structural barriers to research and development activities in emerging markets: the case of Poland, the Czech Republic, Slovakia and Hungary

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