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

Scientific paper - Original scientific paper

• Author: Tanja Markovič-Hribernik
• Author: Kristina Detelj
• Author's institution: University of Zagreb; Faculty of Organization and Informatics
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Information and Communication Sciences

Abstract (english)

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.

• Keywords (english): Public Procurement; Innovation Policy Instruments; Innovativeness; Panel analysis; Simulation
• Language: english
• Publication type: Scientific paper - Original scientific paper
• Publication status: Published
• Peer review: Peer review - international
• Publication version: Published version
• Journal title: International Journal of Simulation Modelling
• Numbering: vol. 15, no. 2, pp. 249-261
• p-ISSN: 1726-4529
• DOI: https://doi.org/10.2507/IJSIMM15(2)5.333
• URN:NBN: urn:nbn:hr:211:975048
• Publication: 2016
• Type of resource: Text
• Access conditions: Institutional access
• Repository: Faculty of Organization and Informatics - Digital Repository
• Created on: 2017-09-20 13:18:01