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The goal of this research is to propose a procedure of innovativeness measurement, taking Summary Innovation Index methodology as a starting point. In contemporary world, innovative activity is perceived as a source of competitiveness and economic growth. New products, utility models, trademarks and creative projects are an important element of present socio-economic reality. In particular, authors focus on selection and application of multivariable statistical analysis to distinguish factors influencing innovativeness of EU economies to the highest degree. The result of quantitative analyses is linear ordering of EU countries by the level of their innovativeness based on the reduced set of diagnostic variables. The rating was compared with the outcome presented in Innovation Union Scoreboard (IUS) with Summary Innovation Index (SII). Conducted analysis proves a convergence between authors’ results and existing ratings of innovativeness. Nevertheless, the main conclusion is that the methodology of innovativeness assessment remains an open issue and requires further research. Especially, it should first and foremost concentrate on deeper verification of a small set of variables that have the strongest impact on innovativeness. It is both, in economic and social interest, to get a clear picture of innovativeness driving forces

Author

Listed:
  • El¿bieta Roszko-Wójtowicz

    (Department of Statistical Methods, Faculty of Economics and Sociology, University of Lodz, £ódŸ, Poland.)

  • Jacek Bia³ek

    (Erste&Steiermarkische bank d.d., Zagreb, Croatia)

Abstract

No abstract is available for this item.

Suggested Citation

  • El¿bieta Roszko-Wójtowicz & Jacek Bia³ek, 2016. "The goal of this research is to propose a procedure of innovativeness measurement, taking Summary Innovation Index methodology as a starting point. In contemporary world, innovative activity is percei," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 34(2), pages 443-479.
    • Handle: RePEc:rfe:zbefri:v:34:y:2016:i:2:p:443-479
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    References listed on IDEAS

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    More about this item

    Keywords

    innovativeness; Innovation Union Scoreboard; European Union; cluster analysis; factor analysis;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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