Innovativeness of Polish Economy in the Transitional Stage of Development

Introduction 7

Chapter 1. The Concept of Stages of Economic Development: The Case of Poland 11
Introduction – The Concept of Stages of Economic Development 11
1.1. Quantitative Characteristics of Polish Development Stage 24
1.2. Analysis of Empirical Data Obtained in the Project 33
1.3. Analysis of Correlation 41

Chapter 2. Exogenous, Civilizational and Systemic Determinants for Innovative Development of Polish Economy 47
Introduction 47
2.1. Secular Stagnation by Alvin H. Hansen 51
2.2. Relevance of Secular Stagnation Theory – Threat to Investments and Innovations 52
2.3. Casus Poland – Development and Stagnation Antinomian Drift 55

Chapter 3. Endogenous Barriers for Moving Polish Economy to the Innovation-driven Stage of Development 61
Introduction 61
3.1. Institutional syntheses 62
3.2. Endogenous Theoretical Syntheses 65
3.3. Results of Empirical Analysis 68

Chapter 4. Demand Determinants of Innovative Processes in the Transitional Phase of Development 77
Introduction 77
4.1. The Demand Side of Innovativeness – a Review of Literature 80
4.1.1. The Demand Side of Economic Development 80
4.1.2. The Neoclassical Theory of Consumer Choice 82
4.1.3. Changes in Consumer Preferences 85
4.1.4. Technological and Cultural Innovations 89
4.2. Empirical Studies 91
4.2.1. Hypotheses 92
4.2.2. Results of Statistical Analysis 95
4.2.3. Regression Models 103
4.2.4. Conclusions and Recommendations 107

Chapter 5. Supply Factors of the Innovativeness of Polish Economy in Transitional Development Phase 111
Introduction 111
5.1. Theoretical and Research Basis 112
5.2. Analysis of Results 125
5.3. The Financial Zone of Innovative Enterprises 139
5.3.1. Research Assumptions and Methods 139
5.3.2. Basic Data and Financial Ratios of the Surveyed Enterprises 142
5.3.3. An Analysis of Correlation between Spending on Innovation and the Selected Economic and Financial Values 144
5.4. The Internet and Digital Technologies in the Operation and Strategies of Enterprises 150

Chapter 6. The Role of Research Sector in the Transition towards Innovation driven Economy 159
Introduction 159
6.1. Research Sector and Investment driven Economy 160
6.2. Research Sector and Innovation driven Economy 163
6.3. Polish Science and Economy in the Transitional Stage of Economic Development 167
6.4. Business and a Research Unit – Mutual Expectations 171
6.5. Cooperation between the Research Sector and Economy in Poland 174

Summary and Recommendations 185
References 195
List of Tables 209
List of Figures 211