Determinants of Innovation Activity of Small and Medium-Sized Enterprises in Small Post-Soviet Countries

Kamalbek KARIMŞAKOV | Burulça SULAYMANOVA | Dastan ASEİNOV

This paper aims to study the determinants of innovation activity of small and medium-sized enterprises in five small post-Soviet countries. Empirical analysis is based on the data from the fifth wave of the Business Environment and Enterprise Performance Survey. Innovation of SMEs is measured with five innovation practices. For each aspect of innovation probit model is applied. Estimation results shows that experience of managers has curvilinear effect on the innovation in SMEs. Moreover, foreign participation, export orientation and competitiveness in sectors are indicated as important condit ...Более