An In-Depth Analysis of the Summary Innovation Index in the V4 Countries

Abstract

Innovative activity is an important source of competitiveness, economic growth, as well as the image of each country. There are several ways to measure and evaluate the innovation performance of a country. Our research was focused on the summary innovation index (SII), a tool used for analysing the innovative ability of European countries. The Innovation Union is an EU initiative which monitors progress achieved in research, development, and innovation, all indicators which are included in the SII. The aim of this paper is to analyse the impact of all SII 27 indicators, which are divided into 10 main areas: human resources, research systems, innovation-friendly environment, finance and support, firm investments, innovators, linkages, intellectual assets, employment impacts, sales impacts. All these indicators are considered in creating the total value of the SII. A statistically significant relationship was determined among all the SII indicators and the total value of the SII using samples from the V4 countries of Czech Republic, Slovakia, Hungary, and Poland during the period 2010-2016. The aim of the research was to identify possible strengths and weaknesses of the national innovation systems of these countries and, thus to identify the impact of these strengths and weaknesses on the innovative position of these countries.

Earnings management in V4 countries: the evidence of earnings smoothing and inflating

“…Following the annual reports of Global Competitiveness Index (G.C.I. ;Janoskova & Kral, 2019;Schwab, 2016Schwab, , 2017) of these countries, many differences can be found both in crucial macroeconomic indicators, i.e., the unemployment rate, inflation, GDP per capita and development of partial sectors of the economy, mainly the financial, business and institutional sectors. Determinants of economic growth of these countries are in details portrayed in the paper by Simionescu et al (2017).…”

Диджиталізація Як Інструмент Підтримки Інновацій: Європейська Перспектива

“…It is a commonly used indicator of innovation performance within empirical literature, e.g. [10], [11], which provides a comparative assessment of the innovation and research performance of the EU member states and selected third countries. The measurement framework distinguishes among four main types of activities and ten innovation dimensions, namely human resources, attractive research systems, innovation-friendly environment, finance and support, firm investments, innovators, linkages, intellectual assets, employment impacts and sales impacts, capturing in total 27 different indicators.…”

Slovak Experience After 10 Years from the Introduction of the Euro as Globalization Factor

“…Another research findings from the period 2010-2016 used samples from the V4 countries are demonstrated in the paper with the theme ,,an in-depth analysis of the summary innovation index in the V4 countries. Slovakia belongs to the moderate innovators, the performance of Slovakia increased by 8% relative to that of the EU in 2010" [8]. The paradigms of European ,,integration process in the Visegrád group and its essence consider other authors as too simplistic to define only as consolidation of the efforts of Central European countries in order to return to Europe through Euro-Atlantic integration" [9].…”