Knowledge is recognized as a crucial element of economic growth in addition to physical capital and labor. Knowledge …, identify, and exploit knowledge depends on the existing knowledge stock and the absorptive capacity of actors such as employees … at firms and researchers at universities and research institutions. The existing knowledge stock might not be …

innovation-friendly environment, resulting in a low export ratio given the small size of the country and its long-time EU …

), allows for causal interpretation of the relationship between innovation output and labor productivity. We find that knowledge …A rich literature links knowledge inputs with innovative outputs. However, most of what is known is restricted to … productivity - hold for knowledge intensive services. Combining the models of Crepon et al. (1998) and of Ackerberg et al. (2015 …

, most of them however working abroad. The central problem is the lack of an innovation-oriented industry structure and of a … well-functioning innovation system connecting research output with the demand of entrepreneurs and high-tech start-ups in …-added, the country has the opportunity to transform into an innovation-driven economy. …