BENEKI, Christina; GIANNIAS, Dimitrios; MOUSTAKAS, George - In: Regional and Sectoral Economic Studies 12 (2012) 1, pp. 43-54
The relationship between innovation and economic performance is estimated for Greek SMEs using ICAP 1999 micro data and a CDM four equation model. The empirical analysis shows an unwillingness of the Greek private sector to invest in R&D and the low productivity of innovation.