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Innovation Policy Analytics for Economic Crisis

Authors:
Euripidis Loukis
Spyros Arvanitis
Charalampos Alexopoulos

Keywords: Electronic Government; Digital Government; Policy Analytics; Policy Informatics; Innovation; Economic Crisis

Abstract:
Policy analytics is defined as the exploitation of existing data from government agencies, possibly in combination with data from private sector firms, and using advanced analytical techniques in order to support different stages of public policy making. It constitutes a highly ambitious new generation of electronic (digital) government, aiming to provide substantial support to higher government functions. However, the area of policy analytics is still in its infancy, so extensive further research is required in this area in order to develop effective methodologies for supporting various stages of policy-making in important domains of government intervention. This paper contributes to filling this research gap for a highly important domain of government intervention and policy, the promotion of firms’ innovation activity, in difficult times of economic crisis. It presents a methodology for exploiting existing data from Taxation Authorities and Statistical Agencies in combination with data from private sector consulting and business information firms in order to identify characteristics of the firm and its external environment that affect its innovation behaviour (the extent of their product/service innovation reduction) during economic crises. Our methodology exploits findings of previous research in the areas of innovation and economic crises. It can generate valuable insights, which can support substantially the development of innovation policies in times of economic crisis. Furthermore, an application of this methodology is presented, using existing Greek firms’ data from the Hellenic Statistical Authority, in combination with data from the business information and consulting firm ICAP, for the economic crisis period 2009 – 2014, which provides interesting insights.

Pages: 78 to 84

Copyright: Copyright (c) IARIA, 2019

Publication date: February 24, 2019

Published in: conference

ISSN: 2308-3956

ISBN: 978-1-61208-685-9

Location: Athens, Greece

Dates: from February 24, 2019 to February 28, 2019