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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
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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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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