ECONOMETRIC COMPARISON OF REGRESSION DEPENDENCIES BETWEEN PRODUCTION AND ITS INNOVATION EXPENDITURES IN POLISH INDUSTRIES
ECONOMETRIC COMPARISON OF REGRESSION DEPENDENCIES BETWEEN PRODUCTION AND ITS INNOVATION EXPENDITURES IN POLISH INDUSTRIES
Author(s): Jan ZwolakSubject(s): Business Economy / Management, Regional Geography, Evaluation research, Economic development, Human Resources in Economy
Published by: Univerzita J. Selyeho, Fakulta ekonómie a informatiky
Keywords: physical capital; human capital; asymmetry; Cobb-Douglas function; technology transfer; flexibility;
Summary/Abstract: The achieved results have shown an increase in flexibility of innovative sold production within the periods studied in terms of real capital (0.456, 0.518 and 0.628 respectively), and a decrease in its flexibility with respect to human capital (0.377, 0.234 and 0.270 respectively). Innovations were mainly carried out by means of a passive transfer of technology, such as by the introduction of new machinery and equipment, as well as computer programming implemented within the Polish industry. Flexibility of the innovation rate in relation to human capital may be equal to unity. In relation to this potential flexibility, human capital is used in the abovespecified periods in 37.7%, 23.4%, and 27% within the Polish industry. The overall efficiency parameters of the processes of sold production of new goods and those which have been significantly improved (second terms) with respect to the expenditure streams of real and human capital in the above periods decrease with time. This indicates a decrease in the efficiency of these capitals.
Journal: Acta Oeconomica Universitatis Selye
- Issue Year: 9/2020
- Issue No: 1
- Page Range: 87-96
- Page Count: 10
- Language: English