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The Composite ECAICI Positioning Of Georgias Innovative Capacities In The Europe-Central Asia Region

Journal: International Journal of Scientific & Technology Research (Vol.2, No. 9)

Publication Date:

Authors : ;

Page : 111-119

Keywords : Index Terms National innovation systems; Developing countries; Countries in transition; Composite indicator; Factor analysis;

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Abstract This paper presents a brief analysis of the current innovative capabilities of Georgia based on the Europe-Central Asia Innovative Capability Indicator ECAICI. This composite indicator is constructed using factor analysis tools. Research reveals that innovative processes in the Europe-Central Asia ECA region by the World Bank classification are mainly affected by four unobservable factors knowledge creation economic sophistication knowlege absorption-diffusion and human capital production. We show that the ECAICI is closely related to other well-known innovation indicators and to GDP per capita. The ECAICI was used to analyze the innovative capability dynamics during 1996-2010. This study serves as an illustration for the use of the ECAICI as an instrument for innovative capability assessment and analysis in Georgia and other post-USSR countries

Last modified: 2014-03-17 17:38:10