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2020, iss. 2, pp. 85-106
Quantification of the interdependence of innovation ability and competitiveness of the Southeast European countries
aUniveristy of Niš, Faculty of Economy
bUniversity of Priština - Kosovska Mitrovica, Faculty of Economy

emailprof.cvet@gmail.com
Abstract
Based on the data of the World Economic Forum, the individual impact of innovation capacity on the competitiveness of eleven countries in Southeast Europe in the period 2017-2019 was quantified by analyzing rank and index values and using the method of correlation analysis. The obtained results showed a significant relationship between the observed countries' ranks of innovation and competitiveness in the observed time interval. The results also showed a direct link between the index of innovation ability and global competitiveness when economic development is predominantly based on the so-called platform of the fourth industrial revolution. This implies the necessity for an efficient innovation policy in the countries of Southeast Europe since the improvement of a country's innovation capacity has a stimulating effect on the growth of their competitiveness.
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About

article language: English
document type: Original Paper
DOI: 10.5937/skolbiz2-29785
received: 01/09/2020
accepted: 26/01/2021
published in SCIndeks: 12/05/2021
peer review method: double-blind
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