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SETSCI - Volume 3 (2018)
ISAS2018-Winter - 2nd International Symposium on Innovative Approaches in Scientific Studies, Samsun, Turkey, Nov 30, 2018

Knowledge, Innovations and Economy: What is New in European Union From the Lisbon Strategy to The Europe 2020?
Mehmed Ganic1*
1International University of Sarajevo  , Herzegovina, Bosnia
* Corresponding author:
Published Date: 2019-01-14   |   Page (s): 859-865   |    240     9

ABSTRACT The purpose of this paper is to give a brief overview of the impact knowledge and innovation has
had throughout the last two decades on the economic changes between new and old EU members from the
Lisbon Strategy (2000-2010) to the Europe 2020 strategy. The research carry out a cross country
comparative analysis of competitiveness and innovation by examining the ratio of R&D expenditure to
gross domestic product (GDP) as well as R&D funded by government and private sector. In essence, we
found that the economic gap between the old EU countries and the new EU member states is significantly
correlated with investing in R&D and existence of R&D intensity gap.  
KEYWORDS Knowledge, Innovations, the Europe 2020 strategy R&D, EU countries
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 European Commision, The European Innovation Scoreboard 2018 database
 Kanter, R. M. (1995). Managing the human side of change. In D. A. Kold, J. S. Osland & I. M. Rubin (Ed.), The organizational behaviour reader (pp. 676–682). NJ: Prentice Hall.
 OECD. (1996). The knowledge-based economy, Organization for Economic Cooperation and Development, Paris, France.
 Park et. al. (2005), A Comparison of the Knowledge-based Innovation Systems in the Economies of South Korea and the Netherlands Using Triple Helix Indicators, Scientometrics;
 Sheehan, P., & Grewal, B. (2000). Firms, Regions, and Strategy in a Diverging World: The Australian Case. In J. H. Dunning (Ed.), Regions, Globalization and the Knowledge-Based Economy (pp. 303–327). Oxford University Press, Oxford, UK.
 World Bank database

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