EUROPEAN JOURNAL OF ACCOUNTING, FINANCE & BUSINESS

Motto: Show the world how you think!

Current Issue

The current issue of the journal read...

Authors' guidelines

All you need to know in order to publish in our journal read...

Submission

Here you can submit your paper continue...

Contact

Contact us here...

 

ISSN: 2344 - 102X

ISSN-L: 2344 - 102X



 

Article from Volume 9, Number 3, Year 2021

INNOVATIONS' ROLE AND IMPACT IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT
Download
Author(s): Iuliu Turcan, Rina Turcan
DOI: 104316/EJAFB.2021.9315
Abstract: This article aims to argue the importance of innovations and their impact on ensuring the sustainable development of the economy. The article addresses the openness of economies to innovation and involves complex multidimensional research of different sources in the literature that studies the openness to the innovation of different countries and the expenditures allocated to support innovation, addressing innovation management issues specific to small businesses. The scientific novelty of the article consists in researching the correlation between research and development expenditure expressed in the form of their share in gross domestic product and adjusted net national income per capita. A separate line of research is to examine the opening up of emerging countries, which often face the problem of insufficient financial resources to allocate them to innovation. This problem becomes even more pressing if we take account of the specific structure of the economy in which small business enterprises dominate, with a significant share of the family business, for which the financing of innovation activities becomes even more problematic. The basic ideas in this article are managed in this way, as to argue the need for cooperation of the business environment with higher education institutions involved in research-development-innovation activities based on technology transfer.This article was made within the project of National Agency for Research and Development, Government of Republic of Moldova, no. 20.80009.0807.22, "Development of the mechanism for forming the circular economy in the Republic of Moldova".
Keywords: Innovative Economy; Innovation Management; Economic Growth; Research And Development; Degree Of Innovation
References:
1. Alberti, G., Pizzurno, E. (2013). Technology, Innovation And Performance In Family Firms, International Journal Of Entrepreneurship And Innovation Management, 17(1/2/3), 142161.
2. Chen, H. (2014). Innovation Stimulants, Innovation Capacity, And The Performance Of Capital Projects, Journal Of Business Economics And Management, 15(2), 212-231.
3. Freeman, C. (1974). The Economics Of Industrial Innovation. Harmondsworth, Baltimore: Penguin.
4. Ganea, V., & Birca, I. (2020). European Circular Economy A Real Model For The Sustainable Development Of The Economy Of The Republic Of Moldova, European Journal Of Accounting, Finance & Business, 14(7), 1-7.
5. Kopishinskaia, E. (2017). Effects Of The Use Of Open Innovations In The Enterprise Innovation System Activity And Level Of Its Innovation Attractiveness On The Cost Of Innovation Products, Economy And Society, 11, 250-255.
6. Kyove, J., Streltsova, K., Odibo, U., & Cirella, G. T. (2021). Globalization Impact On Multinational Enterprises, World; 2(2), 216-230.
7. National Bureau Of Statistics (2021). The Results Of The Business Innovation Activity In The Republic Of Moldova. Retrieved On October 05, 2021 From: Https://statistica.gov.md/newsview.php?l=ro&id=6541&idc=168
8. Omelchenko, I. N., Lyakhovich, D. G., & Dobryakova, K. V. (2019). Algorithm For Innovative Development Management Of A ProjectOriented Organization, Series Instrument Engineering, 2019, 1, 129134.
9. Savchenko, T., Rogov, V., Shadov, G., & Verhozina, V. (2015). Methodological Approaches To The Management Of Innovative Development Of An Enterprise, Asian Social Science; 11(8), 243-252.
10. Szabo, Z., Oltes, M., & Herman, E. (2013). Innovative Capacity & Performance Of Transition Economies: Comparative Study At The Level Of Enterprises, Economics And Management, 1, 33-51.
11. Szarek, J., & Piecuch, J. (2018). The Importance Of Startups For Construction Of Innovative Economies. In: Wach K. & Maciejewski M. (Eds.), International Entrepreneurship As The Bridge Between International Economics And International Business: Conference Proceedings Of The 9th ENTRE Conference 5th AIB-CEE Chapter Annual Conference, 4(3).
12. The World Bank (2021). World Development Indicators. Retrieved On September 12, 2021 From: Https://datacatalog.worldbank.org/search/dataset/0037712/World-Development-Indicators
13. Trott, P. (2017). Innovation Management And New Product Development, 6th Edition, Pearson Professional Limited, United Kingdom.
14. Wang, C., & Kafouros, M. (2009). What Factors Determine Innovation Performance In Emerging Economies? Evidence From China, International Business Review, 18(6), 606-616.
15. WIPO (2021). Global Innovation Index 2021: Tracking Innovation Through The COVID-19 Crisis, Geneva: World Intellectual Property Organization, Retrieved On 15 September 2021 From Https://www.wipo.int/global_innovation_index/en/
16. Yesilay, R., & Halac, U. (2019). Determinants Of Sustainable Innovative Capacities In Transition Economies. In Ratten, V., RamirezPasillas M., & Lundberg H. Managing Sustainable Innovation. Retrieved On 11 September, From Https://www.taylorfrancis.com
 
Back to journal ...

 
     
     
Copyright LP/DET 2023