Innovativeness of the European economies in the context of the modified European Innovation Scoreboard DOI Creative Commons
Tomasz L. Nawrocki, Izabela Jonek-Kowalska

Equilibrium Quarterly Journal of Economics and Economic Policy, Journal Year: 2024, Volume and Issue: unknown

Published: Oct. 18, 2024

Research background: Innovation is an important determinant of economic development, and its importance growing with the advancement digitization development Fourth Industrial Revolution. In turn, assessment innovativeness a country’s economy affects investment attractiveness international image. Purpose this study: Given factors presented above, main aim study to explore compare European economies in context modified Scoreboard. Methods: To achieve goal, authors propose two key modifications existing innovation methodology contained The first concerns principles normalization indicators aims eliminate extreme values. second proposes remove which are difficult measure, subjective, not always useful: (1) those related sustainable (resource productivity; emissions fine particulates; environment-related technologies) (2) that take into account only small medium-sized enterprises (SMEs introducing product innovations; SMEs business process innovative collaborating others). Findings & value added: An alternative approach assessing analyzed countries — as proposed by resulted changes ranking relation Scoreboard, but were significant. major concerned Serbia (down four places), Belgium Hungary (up three Poland places). addition, five moved up one place (the UK, Netherlands, Luxembourg, Estonia, Slovenia, Spain, Slovakia), lost (Norway, Italy, Portugal, Greece, Croatia). Thirteen had no changes. obtained results allowed us conclude best worst maintained level regardless implementation. objectification rules strongest impact on middle ranking. This draws attention problem subjectivity rankings. It has also been documented modifying selection evaluation criteria may change final position ranking, which, case emerging developing economies, affect investor growth opportunities. Such considerations because they outside often uncritical mainstream economies. conclusions imply need for multisource analysis critical look at methodologies.

Language: Английский

Innovativeness of the European economies in the context of the modified European Innovation Scoreboard DOI Creative Commons
Tomasz L. Nawrocki, Izabela Jonek-Kowalska

Equilibrium Quarterly Journal of Economics and Economic Policy, Journal Year: 2024, Volume and Issue: unknown

Published: Oct. 18, 2024

Research background: Innovation is an important determinant of economic development, and its importance growing with the advancement digitization development Fourth Industrial Revolution. In turn, assessment innovativeness a country’s economy affects investment attractiveness international image. Purpose this study: Given factors presented above, main aim study to explore compare European economies in context modified Scoreboard. Methods: To achieve goal, authors propose two key modifications existing innovation methodology contained The first concerns principles normalization indicators aims eliminate extreme values. second proposes remove which are difficult measure, subjective, not always useful: (1) those related sustainable (resource productivity; emissions fine particulates; environment-related technologies) (2) that take into account only small medium-sized enterprises (SMEs introducing product innovations; SMEs business process innovative collaborating others). Findings & value added: An alternative approach assessing analyzed countries — as proposed by resulted changes ranking relation Scoreboard, but were significant. major concerned Serbia (down four places), Belgium Hungary (up three Poland places). addition, five moved up one place (the UK, Netherlands, Luxembourg, Estonia, Slovenia, Spain, Slovakia), lost (Norway, Italy, Portugal, Greece, Croatia). Thirteen had no changes. obtained results allowed us conclude best worst maintained level regardless implementation. objectification rules strongest impact on middle ranking. This draws attention problem subjectivity rankings. It has also been documented modifying selection evaluation criteria may change final position ranking, which, case emerging developing economies, affect investor growth opportunities. Such considerations because they outside often uncritical mainstream economies. conclusions imply need for multisource analysis critical look at methodologies.

Language: Английский

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