IDEAS home Printed from https://ideas.repec.org/a/bas/econst/y2022i5p130-144.html
   My bibliography  Save this article

Business Innovation Activity and the Fourth Industrial Revolution in Russia

Author

Listed:
  • Anna Verenikina
  • John Finley
  • Alexei Verenikin
  • Maria Melanina

Abstract

The research is devoted to a comparison of the level of Russian companies’ innovation activity for the period 2011-2020. The authors propose the Index of Innovative Activity based on the integrated indicator calculation, which combines a range of factors reflecting different aspects of business innovation activities. The generalised principal component approach, which was the basis of this study, didn’t neglect any residual dispersion of source data and allowed us don’t give any subjective weights to the factors. Based on the study results, the authors try to identify the reasons for the growth or decline in innovative activity in the specified period. The research illustrates that the role of barriers to innovation is gradually decreasing, and factors that promote innovations are becoming more important. Our study lays the foundation for the regular calculation of the index to assess the trends.

Suggested Citation

  • Anna Verenikina & John Finley & Alexei Verenikin & Maria Melanina, 2022. "Business Innovation Activity and the Fourth Industrial Revolution in Russia," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 130-144.
    • Handle: RePEc:bas:econst:y:2022:i:5:p:130-144
    as

    Download full text from publisher

    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2022/2022-5/08_Anna-Verenikina.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Angus Deaton, 2016. "Measuring and Understanding Behavior, Welfare, and Poverty," American Economic Review, American Economic Association, vol. 106(6), pages 1221-1243, June.
    2. Doukas, Haris & Papadopoulou, Alexandra & Savvakis, Nikolaos & Tsoutsos, Theocharis & Psarras, John, 2012. "Assessing energy sustainability of rural communities using Principal Component Analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(4), pages 1949-1957.
    3. Christopher Barrington-Leigh & Alice Escande, 2018. "Measuring Progress and Well-Being: A Comparative Review of Indicators," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 135(3), pages 893-925, February.
    4. Dan Armeanu & Leonard Lache, 2008. "Application of the Model of Principal Components Analysis on Romanian Insurance Market," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 6(6(523)), pages 11-20, June.
    5. Pérez-Moreno, Salvador & Rodríguez, Beatriz & Luque, Mariano, 2016. "Assessing global competitiveness under multi-criteria perspective," Economic Modelling, Elsevier, vol. 53(C), pages 398-408.
    6. Aivazian, Sergei & Stepanov, Vladimir & Kozlova, Maria, 2006. "Measuring the Synthetic Categories of Quality of Life in a Region and Identification of Main Trends to Improve the Social and Economic Policy (Samara Region and its Constituent Territories)," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 2(2), pages 18-84.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thomas Carver & Arthur Grimes, 2019. "Income or Consumption: Which Better Predicts Subjective Well‐Being?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 65(S1), pages 256-280, November.
    2. Gordey A. Yasterbov & Alexey R. Bessudnov & Marina A. Pinskaya & Sergey G. Kosaretsky, 2014. "Contextualizing Academic Performance In Russian Schools: School Characteristics, The Composition Of Student Body And Local Deprivation," HSE Working papers WP BRP 55/SOC/2014, National Research University Higher School of Economics.
    3. Beata Gavurova & Viera Ivankova & Martin Rigelsky & Ladislav Suhanyi, 2020. "Impact of Gender Inequalities in the Causes of Mortality on the Competitiveness of OECD Countries," IJERPH, MDPI, vol. 17(10), pages 1-17, May.
    4. Annamaria Bianchi & Silvia Biffignandi, 2022. "Workplace Social Environment Indicator: A Comparative Analysis of European Regions," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 161(2), pages 669-688, June.
    5. Castleberry, Becca & Gliedt, Travis & Greene, J. Scott, 2016. "Assessing drivers and barriers of energy-saving measures in Oklahoma’s public schools," Energy Policy, Elsevier, vol. 88(C), pages 216-228.
    6. Esther Figueroa-Hernández & Francisco Pérez-Soto & Lucila Godínez-Montoya & Rebeca Alejandra Perez-Figueroa, 2019. "Los precios de café en la producción y las exportaciones a nivel mundial," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 14(1), pages 41-56, Enero-Mar.
    7. Kibria, Abu SMG & Costanza, Robert & Soto, José R, 2022. "Modeling the complex associations of human wellbeing dimensions in a coupled human-natural system: In contexts of marginalized communities," Ecological Modelling, Elsevier, vol. 466(C).
    8. Klein, Sharon J.W. & Coffey, Stephanie, 2016. "Building a sustainable energy future, one community at a time," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 867-880.
    9. L'Roe, Jessica & Detoeuf, Diane & Wieland, Michelle & Ikati, Bernard & Enduyi Kimuha, Moïse & Sandrin, François & Angauko Sukari, Odette & Nzale Nkumu, Junior & Kretser, Heidi E. & Wilkie, David, 2023. "Large-scale monitoring in the DRC’s Ituri forest with a locally informed multidimensional well-being index," World Development, Elsevier, vol. 169(C).
    10. Mostafa Shaaban & Jürgen Scheffran & Jürgen Böhner & Mohamed S. Elsobki, 2018. "Sustainability Assessment of Electricity Generation Technologies in Egypt Using Multi-Criteria Decision Analysis," Energies, MDPI, vol. 11(5), pages 1-25, May.
    11. Keita, Sekou & Mandon, Pierre, 2018. "Give a fish or teach fishing? Partisan affiliation of U.S. governors and the poverty status of immigrants," European Journal of Political Economy, Elsevier, vol. 55(C), pages 65-96.
    12. Gasser, Patrick, 2020. "A review on energy security indices to compare country performances," Energy Policy, Elsevier, vol. 139(C).
    13. Gunnarsdottir, I. & Davidsdottir, B. & Worrell, E. & Sigurgeirsdottir, S., 2022. "Indicators for sustainable energy development: An Icelandic case study," Energy Policy, Elsevier, vol. 164(C).
    14. Juan M Villa, 2016. "A harmonised proxy means test for Kenya’s National Safety Net programme," Global Development Institute Working Paper Series 032016, GDI, The University of Manchester.
    15. Zsolt Darvas, 2019. "Why is it So Hard to Reach the EU’s Poverty Target?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(3), pages 1081-1105, February.
    16. Carayannis, Elias G. & Goletsis, Yorgos & Grigoroudis, Evangelos, 2018. "Composite innovation metrics: MCDA and the Quadruple Innovation Helix framework," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 4-17.
    17. Almås, Ingvild & Somville, Vincent, 2020. "The effect of gender-targeted transfers: Experimental Evidence from India," CEPR Discussion Papers 15218, C.E.P.R. Discussion Papers.
    18. Buga, Nadya & Yousif, Charles, 2021. "Evaluating drivers and barriers to adopting a local energy policy under The Covenant of Mayors Initiative in the Small Island State of Malta," Energy Policy, Elsevier, vol. 159(C).
    19. John A. Bishop & Jonathan M. Lee & Lester A. Zeager, 2017. "Incorporating spatial price adjustments in U.S. public policy analysis," Working Papers 438, ECINEQ, Society for the Study of Economic Inequality.
    20. John F. Helliwell, 2018. "What’s Special About Happiness as a Social Indicator?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 135(3), pages 965-968, February.

    More about this item

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econst:y:2022:i:5:p:130-144. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.