KNOWLEDGE-INTENSIVE BUSINESS SERVICES AS IMPORTANT SERVICES FOR INNOVATION AND ECONOMIC GROWTH IN SLOVAKIA

  • Tatiana Čorejová University of Žilina, Univerzitná 8215/1 010 26 Žilina, Faculty of Operation and Economics of Transport and Communications
  • Mario Al Kassiri University of Žilina, Univerzitná 8215/1 010 26 Žilina, Faculty of Operation and Economics of Transport and Communications
DOI: https://doi.org/10.12955/cbup.v4.742
Keywords: knowledge-intensive business services, intellectual property, innovation, knowledge

Abstract

This paper illustrates the importance of Knowledge-intensive business services (KIBS) as a source of innovation and economic growth. In the article, we explain the impact of KIBS on innovation, the importance of KIBS as a support in economic growth, its positive impact on employment and important role in the knowledge-based economy of Slovakia. This paper shows KIBS as important for innovation processes provided by institutions, such as universities, where the most important part involves research and development. Low support in services such as KIBS may cause decreases in availability of highly qualified employees and output of knowledge for innovation. Productivity and economic growth are largely dependent on fast growing technological progress and transfer of knowledge. Innovation can lead to a reduction in manual workers on one hand, while on the other  qualified employees will be needed for processes in the new applied technology. In order to fully understand the rapid growth of innovation and KIBS, we analyzed the correlation and number of scientists of its population in the EU countries.

References

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Published
2016-09-20
Issue
Vol 4 (2016): CBU International Conference Proceedings 2016
Section
Economics and Business
Copyright (c) 2016 Tatiana Čorejová, Mario Al Kassiri

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