ASSESSMENT OF THE RELATIONSHIP BETWEEN INNOVATIONS AND ECONOMIC PERFORMANCE OF MANUFACTURING ENTERPRISES IN POLAND

Keywords: innovativeness, panel data models, Cobb–Douglas function, manufacturing divisions

Abstract

Long-term economic growth is based on innovations, and these depend, among others, on investments in research and development (R&D). The aim of the paper is to measure and assess the impact of innovations on the competitiveness of manufacturing enterprises. Depending on the model version, sold production or gross value added were adopted as a measure of competitiveness. The study is based on the analysis of the Cobb–Douglas production function extended by a variable describing innovations (expenditure on innovative activity). The research process was implemented for the period 2009–2016 and is a contribution to determining the role of innovations in shaping the economic performance of enterprises. The set of input variables is based on statistical data published by the Central Statistical Office of Poland (GUS). A positive and statistically significant estimation of the autoregressive coefficient in both the sold production model and the gross value added model shows the dependence of the analysed categories on the results achieved in previous periods. The legitimacy of using dynamic panel data models has been confirmed empirically.

Downloads

Download data is not yet available.

References

Aghion, P., Bloom, N., Blundell, R., Griffith, R., Howitt, P. (2005). Competition and Innovation: an Inverted-U Relationship. Oxford Journals, Quarterly Journal of Economics, 120 (2), 701-728. https://doi.org/10.1093/qje/120.2.701

Aghion, P., Howitt, P. (1998). Endogenous Growth. MIT Press, Cambridge MA 1998.

Arellano, M., Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies, 58, 277-297. https://doi.org/10.2307/2297968

Baltagi, B.H. (2003). Econometric Analysis of Panel Data. John Wiley & Sons, Chichester.

Cantwell, J. (2006). Innovation and Competitiveness. [In:] J. Fagerberg, D.C. Mowery, R.R. Nelson (Eds.), Handbook of Innovation. Oxford University Press, Oxford, 543-567.

Cichy, K. (2008). Kapitał ludzki i postęp techniczny jako determinanty wzrostu gospodarczego. Instytut Wiedzy i Innowacji, Warszawa.

Dańska-Borsiak, B. (2011). Panelowe modele dynamiczne. Wydawnictwo Uniwersytetu Łódzkiego, Łódź.

Doyle, E., Perez-Alanis, M. (2017). From the Concept to the Measurement of Sustainable Competitiveness: Social and Environmental Aspects. Entrepreneurial Business and Economics Review, 5 (4), 35-59. http://doi.org/10.15678/EBER.2017.050402

Grzelak, M.M., Roszko-Wójtowicz, E., Cika, N. (2017). Innovation Activities of Industrial Enterprises in Poland in the Light of Public Statistics. Acta Scientiarum Polonorum. Oeconomia, 16 (4), 61-70. https://doi.org/10.22630/ASPE.2017.16.4.45

GUS [2017]. Rocznik Statystyczny Przemysłu 2017. Warszawa.

Hunt, S.D. (2000). A General Theory of Competition, Resources, Competence, Productivity. Economic Growth. Sage Publications, Thousand Oaks-London-New Delhi.

Liberda, B. (1996). Oszczędności w teoriach konsumpcji i wzrostu. Ekonomista, 3, 325-342.

Lucas, R.E. (1988). On the Mechanism of Economics Development. Journal of Monetary Economics, 22 (1), 3-42. https://doi.org/10.1016/0304-3932(88)90168-7

Maddala, G.S. (2006). Ekonometria. PWN, Warszawa.

Peneder, M. (2017). Competitiveness and Industrial Policy: From Rationalities of Failure Towards the Ability to Evolve. Cambridge Journal of Economics, 41 (3), 829- -858. https://doi.org/10.1093/cje/bew025

Porter, M.E. (1990). The Competitive Advantage of Nations. The Free Press, New York.

Porter, M.E. (2008). On Competition. Harvard Business School Press, Boston.

Romer, P.M. (1986). Increasing Returns and Long-Run Growth. Journal of Political Economy, 94 (5), 1002- -1037. https://doi.org/10.1086/261420

Romer, P.M. (1990). Endogenous Technological Change. Journal of Political Economy, vol. 98 (5), 71-102. https://doi.org/10.3386/w3210

Roszko-Wójtowicz, E., Białek, J. (2016). A multivariate approach in measuring innovation performance. Proceedings of Rijeka Faculty of Economics, 34 (2), 443-479. https://doi.org/10.18045/zbefri.2016.2.443

Schumpeter, J.A. (1912). Theorie der Wirtschaftlichen Entwicklung. Duncker und Humblot, Leipzig.

Schumpeter, J.A. (1960). Teoria rozwoju gospodarczego. Wydawnictwo Naukowe PWN, Warszawa.

Świtalski, W. (2005). Innowacje i konkurencyjność. Wydawnictwo Uniwersytetu Warszawskiego, Warszawa.

Tokarski, T. (2001). Modele wzrostu endogenicznego. [In:] W. Welfe (Ed.), Ekonometryczny model wzrostu gospodarczego, Wydawnictwo Uniwersytetu Łódzkiego, Łódź.

Ziemiecki, J., Żukrowska, K. (2004). Konkurencja a transformacja w Polsce. Wybrane aspekty polityki gospodarczej. Oficyna Wydawnicza SGH, Warszawa.

Published
2018-12-30
How to Cite
Roszko-Wójtowicz, E., Grzelak, M., & Laskowska, I. (2018). ASSESSMENT OF THE RELATIONSHIP BETWEEN INNOVATIONS AND ECONOMIC PERFORMANCE OF MANUFACTURING ENTERPRISES IN POLAND. Acta Scientiarum Polonorum. Oeconomia, 17(4), 171-178. https://doi.org/10.22630/ASPE.2018.17.4.64