Innovation is of critical value in the modern global economy, as it performs several important economic functions. The … do occur, providing solutions to overcome their consequences. Secondly, innovation allows for the activation of economic … growth and social progress through the rationalization of economic activities. Thirdly, innovation supports the global …

, European Nordic and transition countries form a cluster combining high levels of innovation and equality of income differences …

combining high levels of innovation and equality if income differences are phased out. At the same time, as argued by La Porta …