Transformations in
Business & Economics
- © Vilnius University, 2002-2023
- © Brno University of Technology, 2002-2023
- © University of Latvia, 2002-2023
Article
INTERNATIONALIZATION PROCESS, INNOVATION, AND EXPORT VOLUMES OF THE EU MEMBER STATES15
Jan Ohm, Zuzana Penickova
ABSTRACT: This paper focuses on the nexus between gross expenditures on research and development (GERD), the number of EPO (European Patent Office) applications per million inhabitants and export volumes per million inhabitants of the EU Member states. Both of the indicators reflect the position of the particular states within the internationalization process, especially in case of exports of high-value added production. The aim of this article is to determine whether above mentioned indicators correlate with export volumes of the EU Member States.
KEYWORDS: EPO patents, export volumes, EU, GERD, internationalization, social models.
JEL classification: O38, O33, F40.
15Acknowledgments: This article was prepared with the institutional support of the long-term conceptual development of the Faculty of Economics, the Technical University of Liberec, within the framework of the project Excellent Research Teams - Internationalization in Liberec region and Free State Saxony.