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Improving the System of Indicators for Assessing the Effectiveness of Modern Regional Innovation Systems

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  • Wadim Strielkowski

    (Department of Agricultural and Resource Economics, University of California, Berkeley, CA 94720, USA
    Department of Trade and Finance, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, Prague 6, 165 00 Prague, Czech Republic)

  • Svetlana Kalyugina

    (Institute of Economics and Management, North-Caucasus Federal University, Pushkin Str. 1, 355017 Stavropol, Russia)

  • Victor Fursov

    (Institute of Economics and Management, North-Caucasus Federal University, Pushkin Str. 1, 355017 Stavropol, Russia)

  • Oxana Mukhoryanova

    (Institute of Economics and Management, North-Caucasus Federal University, Pushkin Str. 1, 355017 Stavropol, Russia)

Abstract

In the post-pandemic social and economic conditions, the proper assessment of the effectiveness of regional innovation systems (RISs) becomes a key endeavor. In our paper, we highlight the necessity to enhance the set of indicators used to evaluate the performance of regional innovation systems in countries with varying innovation capabilities. Specifically, we concentrate on examining case studies from the United States, Japan, China, and the Czech Republic, comparing their experiences with the current situation to innovations and innovation systems in Russia and drawing lessons for this country. Utilizing the Global Innovation Index (GII) rankings, we conduct an analysis of the characteristics of innovative progress and propose specific groups of indicators that can enhance the effectiveness of evaluating the innovative advancement of different regions. Moreover, we determine the need for uniqueness, flexibility, and adaptability of these based on the state’s strategic guidelines in the field of innovation and the innovative potential of the territory as well as the factors of external and internal influence. In addition, we conduct and present the results of the bibliometric network analysis of the research publications retrieved from the Web of Science (WoS) database using VOSViewer software and covering the role of regional innovation systems (RISs) in shaping up the national innovation systems (NISs) both in general terms and specifically applied to the case of Russia. Our results might be relevant for the stakeholders and policymakers who are engaged in promoting innovation, regional development, and sustainable economic growth, as well as for the academics working on the topics of innovation and economic development.

Suggested Citation

  • Wadim Strielkowski & Svetlana Kalyugina & Victor Fursov & Oxana Mukhoryanova, 2023. "Improving the System of Indicators for Assessing the Effectiveness of Modern Regional Innovation Systems," Economies, MDPI, vol. 11(9), pages 1-21, September.
    • Handle: RePEc:gam:jecomi:v:11:y:2023:i:9:p:228-:d:1233122
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    References listed on IDEAS

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    2. Tina Maria Hintringer & Vito Bobek & Franko Milost & Tatjana Horvat, 2021. "Innovation as a Determinant of Growth in Outperforming Emerging Markets: An Analysis of South Korea," Sustainability, MDPI, vol. 13(18), pages 1-23, September.
    3. Arne Isaksen & Michaela Trippl & Heike Mayer, 2022. "Regional innovation systems in an era of grand societal challenges: reorientation versus transformation," European Planning Studies, Taylor & Francis Journals, vol. 30(11), pages 2125-2138, November.
    4. Stepan Zemtsov & Maxim Kotsemir, 2019. "An assessment of regional innovation system efficiency in Russia: the application of the DEA approach," Scientometrics, Springer;Akadémiai Kiadó, vol. 120(2), pages 375-404, August.
    5. George H. Ionescu & Daniela Firoiu & Ramona Pîrvu & Marian Enescu & Mihai-Ionuț Rădoi & Teodor Marian Cojocaru, 2020. "The Potential for Innovation and Entrepreneurship in EU Countries in the Context of Sustainable Development," Sustainability, MDPI, vol. 12(18), pages 1-18, September.
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