Influence of Economic Factors on Innovations in Business: the Case of Lithuania

The analysis of innovation research reveals that it is known more about the role and impact of innovations than about how they are developed and implemented. In the dissertation, various innovation factors are analysed taking into account context and systemic nature of innovation. While analysing theoretical aspects critical for identification of significant innovation factors, innovation definition, typology, and management peculiarities are considered, because they limit the set of innovation factors. Systemic analysis of factors, presented in economic and management literature, allows identifying a number of theoretical innovation factors, which also include economic factors. Problems related to factor measurement are described as well, because measurement issue is a part of factor significance evaluation task. Taking into account the conclusions of theoretical analysis and experience of empirical research on innovation factors, research algorithm and sequence, used for evaluation of innovation factors’ influence, are formulated. It is suggested to evaluate the influence of innovation factors by using logit method and analysing statistical significance of variables’ coefficients and factors’ marginal effects. Using the algorithm and related methods, empirical study of innovation factors’ influence in Lithuanian firms during the periods 1999-2001 and 2002-2004 is conducted. Factors, which have influence on innovation implementation in firms, and innovation factors having... [to full text]