83-100

• Bouris, John, D.
• Chatzikian, Y.

In this paper we analyse the factors which affect the process of innovation among E.U. member states. In the knowledge-driven economy, economic development was achieved mainly through innovation, technology diffusion and new product applications. Therefore, we probe deep into considerations which influence –either positively or negatively– the advancement of the innovation activity, through empirical evidence and statistical methodology. Since, innovation and Research & Development activities (R&D) are often considered as a main drive for economic development, recommendations proposed in this article become more intense and must be incorporated in the industrial infrastructure and in management attitudes at national and regional level.

• Economics and Business

• Economics

Innovation, Knowledge Economy, National System of Innovation, Competitiveness

JEL classification: O30, O31, O32, O33