Naslov
Simulation of Public Procurement’s Impact on Innovativeness of EU Countries

Autori
Markovic-Hribernik, Tanja ; Detelj, Kristina

Izvornik
International journal of simulation modelling (1726-4529) 15 (2016), 2; 249-261

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Public Procurement ; Innovation Policy Instruments ; Innovativeness ; Panel analysis ; Simulation

Sažetak
Recently a lot of research has been devoted to studying the impact that public procurement can have on innovation. The phenomenon has been widely recognized as the effect of public procurement for (of) innovation (PPI). The purpose of this paper is to further explore the previous results of the econometric panel analysis by employing simulation modelling to check the robustness of the results and to add firmer arguments for evidence-based innovation policies. The main results for the 28 EU countries show that PPI and economic (GDP) growth are significant factors that affect the level of a country's innovativeness. By applying simulation models, the possible size of the impact in terms of changing the size of PPI on a country's level of innovativeness, can be seen. These results can have practical implications for officials in charge of innovation policies, because the recent crisis has stretched their budgets, meaning that they have to choose policy instruments that will have a significant impact.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA