An In-Depth Analysis of the Summary Innovation Index in the V4 Countries

Katarina Janoskova,Pavol Kral

doi:10.7441/joc.2019.02.05

Abstract

An In-Depth Analysis of the Summary Innovation Index in the V4 Countries

Highlights

Innovations play an inevitable part in continued economic growth (Misankova & Chlebikova, 2013), improving the standard of living (Hraskova, 2012) and the development of society
Our research focuses on the summary innovation index (SII) only, with the aim of analzying the impact of 27 SII indicators, which are divided into 10 main areas: human resources, research systems, innovation-friendly environment, finance and support, firm investments, innovators, linkages, intellectual assets, employment impacts, sales impacts, with these areas comprising the total value of the SII
Relative strengths of the innovation system of the Slovak Republic are identified in the following categories: employment impacts, sales impacts, and human resources

Summary

Introduction

Innovations play an inevitable part in continued economic growth (Misankova & Chlebikova, 2013), improving the standard of living (Hraskova, 2012) and the development of society. Innovative activity is perceived to be a source of competitiveness and economic growth. Innovations are generally considered an accelerator of the economy (Paliderova & Hraskova, 2016). It is quite difficult to measure the innovative activity of a country, which consists of several different areas that affect the innovation performance. Two well-known ways to measure and evaluate the innovation performance of a country are global innovation index (GII) and summary innovation index (SII). Albulescu & Draghici (2016) have used both of these indices to measure the entrepreneurial activity and national innovate capacity of selected European countries. The research was carried out using samples from the Visegrad Group countries Slovakia, Czech Republic, Poland and Hungary for the period 2010–2016

Objectives

Results

Discussion

Conclusion