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Begin New Search Topic Economic Growth Author Alexandra Bykova

1. Toward Innovation-driven Growth: Innovation Systems and Policies in EU Member States of Central Eastern Europe

Author:
Alexandra Bykova, Viktrória Döme, Richard Grieveson, Francesca Guadagno, and Doris Hanzl-Weiss
Publication Date:
09-2024
Content Type:
Special Report
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
This study builds on our previous analyses of a new growth model for the EU member states of Central and Eastern European (CEE), focusing on fostering innovation-driven development. We aim to explain the types of innovation systems and policies that enhance domestic innovation capabilities, drawing on global best practices. A critical evaluation of the current innovation landscape in EU-CEE countries is conducted, particularly in the context of the green and digital transitions. The study assesses the strengths and weaknesses of both national innovation initiatives and opportunities provided by EU industrial and technology policy frameworks. Based on these insights, we offer actionable policy recommendations to promote innovation-driven growth, enhance productivity, and boost economic convergence over the medium term, taking into account the unique political and historical contexts of the EU-CEE countries. Additionally, we prepare country-specific briefing notes tailored to the individual development needs and opportunities of each nation.
Topic:
Development, International Trade and Finance, Science and Technology, Economic Growth, Innovation, Economic Competition, and Convergence
Political Geography:
Europe, Eastern Europe, and Central Europe

2. Industrial Policy for a New Growth Model: A Toolbox for EU-CEE Countries

Author:
Alexandra Bykova, Rumen Dobrinsky, Richard Grieveson, Maciej J. Grodzicki, and Doris Hanzl-Weiss
Publication Date:
07-2023
Content Type:
Special Report
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
The EU member states of Central Eastern Europe (EU-CEE) have experienced rapid convergence in the decades following their EU accession, and have built up strong export-oriented manufacturing sectors boosted by foreign direct investment inflows. While this growth model has brought many positives, there are indications that it is hitting its limits. Endogenous limits to EU-CEE’s growth model are exacerbated by exogenous challenges of the ‘twin’ (green and digital) transitions, and the fallout of the pandemic and Russian invasion of Ukraine. This reinforces the imperative for EU-CEE to transition to a more innovation-driven, new growth model, enabled by a comprehensive industrial policy. However, the EU-CEE countries have not only lacked a stable and strategic approach to industrial policy in their development paths, but also find themselves in a unique position due to EU membership. As a result, innovation and industrial policies are underdeveloped in the region. Based on an in-depth analysis of the industrial landscape and the industrial policy environment of the region, we propose eight pillars for creating a EU-CEE version of the entrepreneurial state.
Topic:
Climate Change, Industrial Policy, European Union, Economic Growth, and Green Transition
Political Geography:
Poland, Lithuania, Estonia, Bulgaria, Romania, Hungary, Croatia, Latvia, Slovenia, Slovakia, and Czechia