Innovation scoreboard indicators between Serbia and Hungary (original) (raw)
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BENCHNMARKIG ANALYSIS OF THE WESTERN BALKAN COUNTRIES POSITION ACCORDING TO GLOBAL INNOVATION INDEX
The aim of this paper is to analyse the position of the Western Balkan countries, according to the Global Innovation Index and its subindexes and pillars. Due to the efforts of the Western Balkans countries to become members of the European Union (EU) and to adopt its positive experience in many fields, the average of relevant indicators for the EU as a whole is used as the benchmark in the analysis. The purpose of the paper is to identify deviations of the Western Balkans in the achieved level of innovativeness in relation to the EU, as well as to formulate recommendations for the improvement of the position of these countries.
The analysis of innovation in Western Balkan countries in 2012
Economic Research-Ekonomska Istraživanja, 2014
The positive correlation between innovativeness and economic growth has been confirmed in plenty of empirical and theoretical research. Issues related to the conditions contributing to the promotion of innovation have a leading role in the development of methods for the stimulation of economic growth in the contemporary economic environment. Complex and multiple correlations between innovation and economic growth have an impact on the key economic factors, not only in economically developed and generally highly innovative countries, but also in less developed countries, such as the Western Balkan countries. This article first gives retrospective views on the importance of innovation and the applicable national innovation systems for the economic development of countries. Further, the article provides a brief insight into the metrics of the global innovation index (GII) and the global competitiveness index (GCI). The focus of analysis has been the relationship between innovation outputs and innovation inputs, as well as the relationship between the GII and the GCI of six Western Balkan countries (Albania, Bosnia and Herzegovina, Macedonia, Serbia, Croatia, and Montenegro), and a group of six selected European Union (EU) countries, five of which border this region (Bulgaria, Greece, Hungary, Romania, and Slovenia), whereas Austria, as a highly developed and highly innovative country, is geographically located very close to the Western Balkans.
ECONOMICS
Innovation is crucial for the competitiveness of countries in the global market. Countries oriented to progress must invest in innovative activities. Using the example of the Western Balkan countries, this study investigated their innovative competitiveness. The indicators of the Global Innovation Index (GII) were used for the years 2019, 2020, and 2021. A multi-criteria approach was based on the innovative SMART approach. The weights of the criteria were determined using the CRITIC (criteria importance through intercriteria correlation) method, while the CRADIS (compromise ranking of alternatives from distance to ideal solution) method ranked the Western Balkan countries according to their innovative characteristics. The results showed that Montenegro had the best innovation indicators, followed by Serbia, while Albania had the worst indicators. This research showed an innovative approach of using four normalizations, and the advantages of these normalizations were used to contribu...
EURINT, 2019
The aim of this paper is to investigate the innovation efficiency in Central and Eastern Europe by performing an input-output approach using Data Envelopment Analysis (DEA). R&D government spending and total R&D personnel stand for inputs and patent applications and high-tech exports stand for innovation outputs. We performed a comparative analysis between Czech Republic, Hungary, Poland and Romania using a 10 year-time span (2007-2016). We demonstrated that over time the innovation efficiency has improved (both regarding technical efficiency and scale efficiency) in all the four countries under scrutiny. Moreover, our research showed that the most efficient country was Hungary which balanced properly between the efforts of supporting innovation and its benefits due to reaping its positive effects in terms of high-tech exports and patent creation.
Innovation capabilities of the six EU candidate countries: comparative data based analysis
2001
This report presents analysis of basic comparative data related to six candidate countries for the EU accession, a group, which includes five central and eastern European economies (Czech Republic, Estonia, Hungary, Poland and Slovenia, subsequently called CC5) plus Cyprus (CC5 plus Cyprus subsequently referred to as CC6). The aim of the report is to analyse the innovation capability of six candidate countries, factors that affect it, and compare both to those of the EU economies.
The Impact of Innovation Performance on the Competitiveness of the Visegrad 4 Countries
Journal of Competitiveness, 2018
The economic development of world economies accompanied by their growing openness and stronger integration processes put pressure on mutual confrontation of their economic power based on its determinant sources. International comparison requires determining a complex of factors that affect the success of developed economies; factors that, given their multiplier effects, influence the social productivity of labor in a country and create a competitive advantage in an international comparison. A key factor of the states' increasing competitiveness is assumed to be the innovation performance of enterprises, which is projected through innovative business processes into the innovation performance of the economy as a whole. This paper determines the impact of their innovation performance on their international competitiveness position observed by the Global Economic Forum based on the Global Competitiveness Index (GCI). To assess the impact, the following economic-statistical methods were used: comparative and correlation analyses and logical deduction. Data from the World Economic Forum (WEF), European Innovation Scoreboard (EIS), and Eurostat database were used to process the assessment. The results of the research have led to the conclusion that the Visegrad 4 (V4) countries as transition economies in terms of their economic development are quite similar, but in the ranking of global competitiveness, their position varies depending on the innovative performance. The Czech economy is the best performing of the four, while the worst indicators are attributed to the economies of Slovakia and Hungary. The economy of Poland has a relatively balanced development. The results of these analyses have led to the creation of a discussion platform focused on the evaluation of the innovation potential status and its determinants in Slovakia, with the aim of pointing out critical areas in the country's competitiveness growth on an international scale.
The paper answers two questions: which innovation capabilities most strongly differentiate CEECs and highly developed European economies and to what extent CEECs' performance within each of the innovation capabilities has changed over a decade. The research method is based on construction of composite indicators describing national performance within five innovation capabilities in two periods: 1998-2000 and 2010-2012 as well as regression analysis in order to test the accuracy of the main findings. The study has allowed to arrive at a conclusion that CEECs have been able to catch up to highly developed European economies with respect to absorptive capacity related to the existence and use of technological infrastructure as well as participation in inward technology transfer in the form of FDI and capital goods imports. There is, however, a lingering performance gap in new knowledge and innovation creation capabilities and R&D effort. Continuation of this trend and lack of considerable improvement also in terms of absorptive capacity related to the quality of human resources might result in CEECs' permanent inability to catch up to their highly developed European counterparts.
2016
Innovations, as a determinant of competitiveness, are one of the fundamental presuppositions for the economic prosperity of every country and the well-being of the population. The creators of the development policies need adequate information relating to all vital determinants of competitiveness, including innovations, in order to formulate effective policies and strategies. Therefore, the World Economic Forum (WEF) annually prepares and presents the Global Competitiveness Report. Thus, based on the information from the WEF reports, the paper explores changes in the level of competitiveness of Serbia (measured by the Global Competitiveness Index - GCI) for the period from 2009 to 2014, in comparison with other Western Balkan countries. Also, an in-depth analysis of the competitiveness of Serbia is carried out in the subindex “Innovation and sophistication factors” as a component of the GCI, considering that in 2014 this subindex for Serbia recorded the lowest value compared with oth...