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What make the impact of the financial crisis on innovation different across European countries?

Research output: Contribution to journalArticlepeer-review

  • Nguyet Thi Minh Nguyen
  • Chau Minh Duong
This paper finds that the financial crisis has tremendously impacted innovation in most European countries with Greece and Lithuania being the most affected while Finland and Austria have the least negative effect on their innovation activities. Greece and Lithuania’s national innovation systems share many common characteristics which are in sharp contrast to those shared by Finland and Austria, including most notably culture, quality of the higher education system, science and technological capability, and structure of the economy. Those identified distinctions along the main dimensions of the national innovation systems between the most and least affected countries could to a large extent explain why the effect of the financial crisis is heterogeneous across European countries.
Original languageEnglish
JournalInternational Journal of Innovation and Technology Management
Early online date21 Feb 2019
Publication statusEarly online - 21 Feb 2019


  • Inno_FC_revised_FULL

    Rights statement: Electronic version of an article published as: International Journal of Innovation and Technology Management, 2019, DOI: 10.1142/S021987701950041X © World Scientific Publishing Company.

    Accepted author manuscript (Post-print), 1.33 MB, PDF document

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