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Review article

https://doi.org/10.18045/zbefri.2016.2.443

A multivariate approach in measuring innovation performance

Elżbieta Roszko-Wójtowicz orcid id orcid.org/0000-0001-9337-7218 ; Department of Economic and Social Statistics, Faculty of Economics and Sociology, University of Lodz, Łódź, Poland
Jacek Białek ; Department of Statistical Methods, Faculty of Economics and Sociology, University of Lodz, Łódź, Poland


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Abstract

The goal of this research is to propose a procedure of innovativeness measurement,
taking Summary Innovation Index methodology as a starting point. In contemporary
world, innovative activity is perceived as a source of competitiveness and economic
growth. New products, utility models, trademarks and creative projects are an
important element of present socio-economic reality. In particular, authors focus on
selection and application of multivariable statistical analysis to distinguish factors
influencing innovativeness of EU economies to the highest degree. The result of
quantitative analyses is linear ordering of EU countries by the level of their
innovativeness based on the reduced set of diagnostic variables. The rating was
compared with the outcome presented in Innovation Union Scoreboard (IUS) with
Summary Innovation Index (SII). Conducted analysis proves a convergence between
authors’ results and existing ratings of innovativeness. Nevertheless, the main
conclusion is that the methodology of innovativeness assessment remains an open
issue and requires further research. Especially, it should first and foremost
concentrate on deeper verification of a small set of variables that have the strongest
impact on innovativeness. It is both, in economic and social interest, to get a clear
picture of innovativeness driving forces.

Keywords

Innovativeness, Innovation Union Scoreboard, European Union, cluster analysis, factor analysis

Hrčak ID:

171155

URI

https://hrcak.srce.hr/171155

Article data in other languages: croatian

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