Open for growth? Evidence on EU Countries and Sectors
The Taylor & Francis website posted an article which noted that the Open Innovation (OI) concept has pervaded the academic and policy debate due to its potential to further stimulate the circulation of knowledge between business partners and institutions and, consequently, to increase their innovation potential. This paper studies the relationships between OI and innovation and economic returns at the ‘aggregate’ level, i.e. at the country and industry levels. Results confirm the role of OI in stimulating – even at the aggregate level – innovation, with returns increasing at diminishing rates.
Click here to read the full article.