Browsing by Author "Savosh, Kateryna"
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- Impact of GEM’s business environment factors on business innovation: panel data analysis for 100 EconomiesPublication . Savosh, Kateryna; Nunes, AlcinaInnovation policy is a significant element of sustainable development by finding new solutions in response to existing problems. A key to a successful increase in innovation is to identify and understand what are the main business environment factors that impact on business innovation. So, the objective of this research work is to identify and quantify which business environment elements impact on business innovation activity, in the last ten years. Such a goal will be reached using fixed and random panel data methods applied to data provided by the Global Entrepreneurship Monitor (GEM). This study concludes that worldwide factors as financing, government support, lower taxes and bureaucracy, entrepreneurship education in primary and secondary levels and the country’s economy openness present an important positive impact on innovation.
- Innovation on worldwide businesses in the period 2011- 2017: panel data analysis on the impact of the business environmental factorsPublication . Savosh, Kateryna; Nunes, AlcinaOn the modern stage of economic development, innovation policy is deemed to be a significant component of sustainable development by finding new solutions in response to problems, that ensue in the social and economic grounds. A key to a successful increase in innovation is to reveal and study what are the main business environment factors that determine innovation activity in companies. However, there are few works in the scientific literature that make such research. So, the objective of this research work is to identify and quantify which business environment elements impact on business innovation activity, in the last decade. With the purpose of accomplishing such goal the statistical analysis panel data methods (in particular, fixed and random effects models) were applied to a secondary dataset provided by the Global Entrepreneurship Monitor (GEM). The research work analyses the impact of the GEM’s business environment factors, assessed by its experts, on the innovation activity worldwide as well as by the income level of 100 world economies. This study concludes that worldwide factors as financing, government support, lower taxes and bureaucracy, entrepreneurship education in primary and secondary levels of education and the country’s economy openness present an important positive impact on innovation. Such results are obtained for a set of very heterogeneous world economies. None of the factors showed statistical evidence for low-income countries. Financing, basic school training and education, R&D transfer, and cultural and social norms have a positive impact on innovation activity in lower-middle-income countries. Financing, governmental support and policies, reduced taxes and bureaucracy, and basic school training and education revealed to influence innovation activity in upper-middle-income economies positively, whereas market dynamics and physical services and infrastructure influence negatively. In high-income economies, lower taxes and bureaucracy, commercial and professional infrastructure and market openness increase innovation activity, while market dynamics decrease it.
- Worldwide effect of business environment factors on innovationPublication . Nunes, Alcina; Savosh, KaterynaInnovation is considered one of the main drivers of the economic development of countries and a foundation of the companies' competitive advantage. The literature argues it is vital for SMEs' survival. The identification of companies innovation drivers rely on understanding how a country's business environment impacts business innovation. So, this research work aims to identify and quantify which business environment characteristics have influenced worldwide business innovation activity in the last years. This goal will be reached using a panel data econometric methodology applied to the Global Entrepreneurship Monitor (GEM) data for a period of ten years until 2017. This study concludes that factors such as financing, government support, lower taxes and bureaucracy, entrepreneurship education in primary and secondary levels, and economic openness positively affect business innovation worldwide.
- Worldwide innovation: panel data analysis on the impact of the GEM's business environmental factorsPublication . Savosh, Kateryna; Nunes, AlcinaInnovation policy is a significant component of sustainable development. The successful increase in innovation needs to study what are the business environment factors that determine innovation activity. Such a goal will be reached using the panel data methods applied to data provided by the Global Entrepreneurship Monitor (GEM). This study concludes that worldwide factors as financing, government support, lower taxes and bureaucracy, entrepreneurship education in primary and secondary levels and the country’s economy openness present an important positive impact on innovation. The results are different if the analysis is made by level of income. None of the factors showed statistical evidence for low-income countries. Financing, basic school training and education, R&D transfer, and cultural and social norms have a positive impact on innovation in lower-middle-income countries. Financing, governmental support, reduced taxes and bureaucracy, and basic school training and education influence innovation activity in upper-middle-income economies. In high-income economies, present similar results.