Cykl koniunkturalny a aktywność innowacyjna przedsiębiorstw przemysłowych w Polsce
Business Cycle and Innovation Activity in Polish Industrial Enterprises

Summary/Abstract: The paper includes the analysis of the impact of various phases of business cycle on innovation activity of Polish industrial enterprises. The analysis is based on the probability calculus (probit models), using data collected in a survey made in a large sample of enterprises in the years 2007–2012, considering 18 dimensions (attributes) of innovation activity. The estimated models suggest that innovation activity of enterprises during the boom (prosperity) is significantly more intensive than during the recession or stagnation. The results of the examination do not confirm the hypothesis formulated in the literature according to which enterprises tend to intensify their innovative activity during the recession or stagnation and that innovation activity, therefore, acts anticyclically. These findings should be taken into consideration in programming the governmental policy to support innovation processes.

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