Posts Tagged ‘Innovation’

INVESTMENT IN INNOVATION AND EDUCATION: AN EFFICIENCY BENCHMARKING ANALYSIS IN EUROPE

Aikaterini KOKKINOU

Higher Hellenic Military Academy

aikaterinikokkinou@gmail.com

George KORRES

Department of Geography, University of the Aegean

gkorres@geo.aegean.gr

Panagiota DIONYSOPOULOU

Director of General Directorate of Tertiary Education, Ministry of Education, Greece

yoldi63@gmail.com

Abstract

As technical efficiency enhancement becomes an increasingly important issue within Europe and worldwide, policy planning should draw attention towards a wide range of production ideas, component technologies and complementary socio-economic capabilities. Within this framework, it is rather difficult for any single economy to incorporate and take advantage of the relevant technological advances in economy, as well as the underlying conditions in innovation and education investments. This means that the actions of policy planning involve the targeted development of specialized knowledge assets, which are integrated from a wider range of investment areas. This paper analyses, through a benchmarking approach, investment in innovation and education in Europe, creating a spectrum of policy implications.

Keywords: Productive Efficiency, Innovation, Education, Investments

JEL classification: F13, F47, F15, R15
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THE ROLE OF INNOVATION IN COMPETITIVENESS AND CONVERGENCE PROCESS: A BENCHMARKING STUDY FOR EUROPEAN REGIONS

George M. Korres

Visiting Fellow, University of Newcastle, Centre of Urban and Regional Development Studies, CURDS, Newcastle, United Kingdom, George.Korres@ncl.ac.uk and Associate Professor at the University of Aegean, Department of Geography, Email: gkorres@hol.gr and gkorres@geo.aegean.gr

and

Aikaterini Kokkinou

Department of Economics, University of Glasgow, Adam Smith Building, G12 8RT, Glasgow, United Kingdom, E-mail: a.kokkinou.1@research.gla.ac.uk

Abstract:

Globalization and competition has shifted the comparative advantage of economies towards the factor of knowledge and innovation, where productivity based on the endogenous development capabilities plays a rather important role, as far as growth and competitiveness enhancement are concerned. In order to promote innovation activities and technological opportunities, productivity enhancement seems to have significant effects on the long run performance of the economy. Within this framework, the enhancement and convergence of growth and productivity are a major topic in the economic and social policy agenda of E.U. members, since governments seek to concentrate on problems not only related to low employment growth, high unemployment, fiscal deficits and public debt, but also to national disparities and convergence attainment. This paper aims to review the main topics related to innovation activities, as well as competitiveness and economic convergence attainment. It also attempts to analyze, using a benchmarking approach, the effects of innovation activities, in order to clarify the related implications on regional convergence process.

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