The Impact of Interplay between Formal and Informal Institutions on Innovation Performance: Evidence from CEECs

Formal and informal institutions matter in the context of innovation performance Central Eastern European countries (CEECs). The purpose research was to investigate whether interplay between formal has a positive, negative or neutral impact on CEECs, if alone also have influence CEECs. is based CEECs such as trust, traditions, customs, creativity cooperation, law, rules, science, technology policy (STIP). methodology focuses secondary statistical data from 18,808 surveys Social Survey Round 9 (2018) edition 2.0 for 1090 policies Commission OECD STIP Compass 414,073 notices awarded tenders Union Tenders Electronic Daily institutions. Innovation measured by Summary Index (SII) Scoreboard 2019. findings show that trust others, legal system, importance following traditions customs cooperation among citizens well system obedience rules national economies Meanwhile, variety theme areas positive