Acta Oeconomica Pragensia 2013, 21(3):3-13 | DOI: 10.18267/j.aop.401

The Innovation Performance of the Czech Republic and a Comparison with Other European Union Member States

Tomáš Pavelka
Vysoká škola ekonomická v Praze, Fakulta podnikohospodářská (tomas.pavelka@vse.cz).

The European Union dedicates considerable attention to research, development and innovation. Within the long-term strategy Europe 2020, Innovation Union has become one of the key initiatives. The European Union has decided to regularly monitor progress in this area through the Summary Innovation Index. The Czech Republic also pays considerable attention to research, development and innovation. The key paper is the National Innovation Strategy, approved by the Czech Government in 2011. The aim of this article is to evaluate the innovation performance of the Czech Republic by using the Summary Innovation Index 2011, which contains a total of 24 indicators. The article analyses the progress in the field of research, development and innovation achieved by the Czech Republic. The article contains an international comparison of the innovation performance of the Czech Republic with other Member States of the European Union too. It appears that the Czech Republic lags behind the European Union average especially in the patent process and funding for research, development and innovation. Greater attention should also be given to the educational system in the Czech Republic.

Keywords: innovation, research and development, summary innovation index, innovation performance
JEL classification: O31, O32

Published: June 1, 2013  Show citation

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Pavelka, T. (2013). The Innovation Performance of the Czech Republic and a Comparison with Other European Union Member States. Acta Oeconomica Pragensia, 21(3), 3-13. doi: 10.18267/j.aop.401
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