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