Innovativeness of SMEs in Small Non-Oil Producing Post-Communist Economies
Keyword(s):
This paper aims to study the determinants of innovation propensity of small and medium-sized enterprises (SMEs) in five small non-oil exporting Former Soviet Union countries. Empirical analysis is based on the data from the fifth wave of the Business Environment and Enterprise Performance Survey (BEEPS). Innovation of SMEs is measured by five innovation practices: innovation in goods services, process, organization, marketing and R&D spending. For each aspect of innovation bivariate regression analysis is applied. Estimation results shows that experience of managers has curvilinear effect on the innovation in SMEs. Foreign participation, export orientation and competitiveness in sectors are important for innovation.