IDEAS home Printed from https://ideas.repec.org/a/baq/jetart/v1y2023i13p63-73.html
   My bibliography  Save this article

Improvement of the methodical approach to assessing the level of innovation potential of the countries of the European Union

Author

Listed:
  • Daniil Revenko

    (National Aerospace University "Kharkiv Aviation Institute")

  • Yuri Romanenkov

    (National Aerospace University "Kharkiv Aviation Institute")

  • Valentyna Hatylo

    (National Aerospace University "Kharkiv Aviation Institute")

  • Vira Lebedchenko

    (National Aerospace University "Kharkiv Aviation Institute")

  • Oleksandr Titarenko

    (National Aerospace University "Kharkiv Aviation Institute")

Abstract

This paper has solved the task to improve the methodical approach to modeling the integrated index for assessing the level of innovation potential of the European Union countries as a component of the monitoring system. The object of the study is the process of ensuring the innovative development of the European Union; the subject is the model and methods for assessing the level of innovation potential. The relevance of the chosen topic corresponds to the processes associated with innovative development occurring in the world economy and economy of the European Union, as well as the need to evaluate them. Practical activities for integrated assessment of the level of development of innovative potential of countries are considered. Among the methods for assessing the innovation potential, the most widely used are the rating method, integral indices, and sets of indicators. The main disadvantages of the existing methods have been analyzed and outlined, which made it possible to improve the approach that enables to overcome the main problems outlined. An improved methodological approach to assessing the level of innovation potential of the European Union countries consists of a sequence of stages and allows formalizing the process of selecting the components of the integrated index and evaluating the weighting coefficients for these components. The improved methodological approach was tested on data on the innovative development of the countries of the European Union, which made it possible to identify groups of countries according to its level. The methodological approach can improve the analytical support for assessing the level of innovative development, highlight the weaknesses and strengths of the innovation ecosystems of the European Union countries, as well as increase the effectiveness of their innovation policy. The ways to overcome problems in disparities in innovative development between the countries of the European Union, as well as to increase the level of their innovative potential, are considered

Suggested Citation

  • Daniil Revenko & Yuri Romanenkov & Valentyna Hatylo & Vira Lebedchenko & Oleksandr Titarenko, 2023. "Improvement of the methodical approach to assessing the level of innovation potential of the countries of the European Union," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 1(13(121)), pages 63-73, February.
    • Handle: RePEc:baq:jetart:v:1:y:2023:i:13:p:63-73
    DOI: 10.15587/1729-4061.2023.273849
    as

    Download full text from publisher

    File URL: https://journals.uran.ua/eejet/article/view/273849/269921
    Download Restriction: no
    File URL: https://libkey.io/10.15587/1729-4061.2023.273849?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Daniil Revenko & Yuri Romanenkov & Tetiana Polozova & Vira Lebedchenko & Kateryna Molchanova, 2024. "The impact of digitalization on the economic growth of the European Union: an empirical study," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 3(13 (129)), pages 46-56, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:baq:jetart:v:1:y:2023:i:13:p:63-73. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Iryna Prudius (email available below). General contact details of provider: https://journals.uran.ua/eejet/issue/archive .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.