Composite indicator ECAICI and positioning of Georgia’s innovative capacities in Europe-Central Asia Region

Gogodze, Joseph (2013): Composite indicator ECAICI and positioning of Georgia’s innovative capacities in Europe-Central Asia Region. Published in: INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY RESEARCH , Vol. 2, No. 9 (September 2013): pp. 111-119.

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

• Item Type: MPRA Paper
• Language: English
• Keywords: National innovation systems, Developing countries, Countries in transition, Composite indicator, Factor analysis
• Subjects: C - Mathematical and Quantitative Methods > C4 - Econometric and Statistical Methods: Special Topics > C43 - Index Numbers and Aggregation; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O30 - General; C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C81 - Methodology for Collecting, Estimating, and Organizing Microeconomic Data ; Data Access

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