Comparative analysis of determinants of economic innovation

Abstract

The article presents the concept of three spheres of determinants of economic innovation (R&D, human capital and education) and relations among them. The scale and the scope of interactions, which take place among these spheres are more important for creation of innovations than size of them. There is presented a comparative analysis of indicators which characterise every sphere. Special attention is given to describing the innovation position of Poland in the European Union. Mathematical calculations allowed to compare the assets of European countries, which can be used in the process of creation their innovation potential with parameters, which describe the innovation of their economy. It allowed to describe three groups of countries (with higher and lover innovation potential than their level of economical innovation and group of countries which has adequate innovation potential to the level of their economical innovation). Poland was classified to the group of countries, which have relatively higher innovation assets than the corresponding to them the level of economical innovation.