Application of International Synthetic Measures to Assess Innovativeness of EU Member States Cover Image

Zastosowanie międzynarodowych indeksów do oceny innowacyjności gospodarek Unii Europejskiej
Application of International Synthetic Measures to Assess Innovativeness of EU Member States

Author(s): Maria Magdalena Grzelak, Elżbieta Roszko-Wójtowicz
Subject(s): National Economy, Supranational / Global Economy, Business Economy / Management
Published by: Łódzkie Towarzystwo Naukowe
Keywords: innovativeness; European Union; Summary Innovation Index; Global Innovation Index; synthetic measure

Summary/Abstract: In the recent years, the global economy has changed significantly, as it has transitioned from labour intensive industrialisation to knowledge intensive economy based on an advanced level of human capital and technological potential. In the era when application of telecommunication technologies is very common, knowledge is characterised by an intense rate of change, growing practical usage, as well as speed and ease of access. People, companies, and economies are forced to adapt to these changes in order to guarantee their further progress. The aim of the paper is to evaluate innovativeness of the EU member states using selected international ratings as a base, with a special emphasis placed on research and development. The work consists of four parts. The introduction is followed by section two where the most crucial theoretical concepts and definitions are discussed.Section three shows the classification of the EU countries in international innovation rankings, inp articular the Innovation Union Scoreboard (IUS). This section also presents an empirical analysis based on the statistical data contained in international reports and available from Eurostat. The last part of the paper is a summary of the theoretical and empirical considerations. The statistical material presented in the paper is derived from the EU Statistical Office (Eurostat), the WorldBank, and other studies on innovativeness (IUS, EIS, GII). The conducted research has confirmed that greater participation of the business sector in financing R&D activities is required in order to improve innovative performance of an economy. Although some positive changes were observed in this area in a great number of the EU countries, still the scale of these changes is inadequate to the market demand.

  • Issue Year: 2017
  • Issue No: 105
  • Page Range: 215-241
  • Page Count: 27
  • Language: Polish