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Title: National systems of innovation in the Eurozone: Policy implications for Spain
Authors: Duarte, Marcelo Pereira 
Carvalho, Fernando Manuel Pereira Oliveira 
Keywords: Innovation; Eurozone; Panel data; Spain
Issue Date: 2020
Project: FCT – Fundação para a Ciência e a Tecnologia, I.P., Project UIDB/05037/2020 
Serial title, monograph or event: Studies of Applied Economics
Volume: 39
Issue: 1
Abstract: This paper aims to understand which innovation inputs are more strongly related to innovation outputs in the Eurozone, and to derive policy implication for the Spanish convergence with Eurozone top players in terms of innovation. Drawing from the Global Innovation Index input-output framework we developed an alternative longitudinal index. The resulting country scores were used to construct a panel dataset composed of the 19 Eurozone members during the period 2013-2018, which were analysed through a series of multiple regression techniques. Results suggest a strong and positive influence of Business Sophistication on innovation outputs in Eurozone countries, derived mainly from the capacity of domestic firms to absorb knowledge. Possible implications for Spain could be derived from this fact, such as, for instance, encouraging inward foreign direct investment. Future research is needed to analyse the differentiated effects of such encouragement, as well as other surprising results of our study.
ISSN: 1697-5731
DOI: 10.25115/eea.v39i1.3237
Rights: embargoedAccess
Appears in Collections:I&D CeBER - Artigos em Revistas Internacionais

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