Competitiveness, innovation and growth: the case of Macedonia

Abstract

The purpose of this paper is to examine the close links among competitiveness, innovation and growth. The paper theoretically reviews the concept of economic growth based on technology and innovation that does not have diminishing returns, as well as examines how these concepts could work in a country like Macedonia. The paper concludes that Macedonia is still behind the technology frontier and it could benefit to a great deal from improved policy coordination and implementation of reform agenda aimed at increased competitiveness and innovation based growth.

Keywords

• competitiveness
• innovation
• growth