Domazet, Ivana and Marjanović, Darko and Beraha, Isidora and Ahmetagić, Deniz (2022) Innovative capacity as a driving force of national competitiveness. Ekonomika preduzeća, 70 (7-8). pp. 406-418. ISSN 0353-443X
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Abstract
Each national economy has specific characteristics that determine its
innovative capabilities to a greater or lesser extent. National innovation
capacity can be a source of prosperity and growth for the national
economy. Measuring national innovation capacity is very important
because it provides knowledge about the dynamics of inventions in
economic activities. By measuring the innovative capacity of the economy,
indicators are obtained that are significant for the creation of development
policy and are an important element in evaluating the success of its
implementation. The connection between innovation and competitive
advantage is direct and positive because the innovative capacities of
companies can create, support, and make sustainable competitiveness
both in the domestic and foreign markets.
This paper aims to determine whether there is a relationship
between national innovative capacity and competitiveness. To allow for
data mutual comparability and generalization, the research included four
countries: Serbia and three neighboring European Union member countries
(Bulgaria, Hungary, and Romania). The evaluation was conducted using
statistical data from international databases (WEF, INSEAD, and WIPO)
covering 2008 to 2018. The findings indicate a positive relationship between
a country’s competitiveness and innovative capacity, as measured by the
Global Innovation Index and the Global Competitiveness Index. In the cases
of Serbia and Bulgaria, there was a strong correlation between national
competitiveness and the country’s innovation index. In Hungary and
Romania, on the other hand, the correlation coefficient is low. The paper’s
originality is reflected in the analysis and comparison of the innovation
capacities four Eastern European countries (Serbia, Bulgaria, Hungary
and Romania), which are rarely the subject of research in innovation.
Item Type: | Article |
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Additional Information: | COBISS.ID=108095241 |
Uncontrolled Keywords: | innovation, competitiveness, national innovative capacity, development |
Research Department: | Digital Economics |
Depositing User: | Jelena Banovic |
Date Deposited: | 25 Feb 2023 15:55 |
Last Modified: | 25 Feb 2023 15:55 |
URI: | http://35.240.28.64/id/eprint/1883 |
Author Links: |
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