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Bayesian Approach To The Process Of Identification Of The Determinants Of Innovativeness

Author

Listed:
  • Marta Czy¿ewska

    (University of Information Technology and Management in Rzeszow)

  • Teresa Mroczek

    (University of Information Technology and Management in Rzeszow)

Abstract

Bayesian belief networks are applied in determining the most important factors of the innovativeness level of national economies. The paper is divided into two parts. The first presentsthe basic theory of Bayesian networks whereas in the second, the belief networks have been generated by an inhouse developed computer system called BeliefSEEKER which was implemented to generate the determinants influencing the innovativeness level of national economies.Qualitative analysis of the generated belief networks provided a way to define a set of the most important dimensions influencing the innovativeness level of economies and then the indicators that form these dimensions. It has been proven that Bayesian networks are very effective methods for multidimensional analysis and forming conclusions and recommendations regarding the strength of each innovative determinant influencing the overall performance of a country’s economy.

Suggested Citation

  • Marta Czy¿ewska & Teresa Mroczek, 2014. "Bayesian Approach To The Process Of Identification Of The Determinants Of Innovativeness," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 10(2), pages 44-56, August.
    • Handle: RePEc:rze:efinan:v:10:y:2014:i:2:p:44-56
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    Citations

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    Cited by:

    1. Omar A. Guerrero & Gonzalo Castañeda, 2021. "Quantifying the coherence of development policy priorities," Development Policy Review, Overseas Development Institute, vol. 39(2), pages 155-180, March.
    2. Omar A. Guerrero & Gonzalo Casta~neda, 2019. "Quantifying the Coherence of Development Policy Priorities," Papers 1902.00430, arXiv.org.
    3. Castañeda, Gonzalo & Chávez-Juárez, Florian & Guerrero, Omar A., 2018. "How do governments determine policy priorities? Studying development strategies through spillover networks," Journal of Economic Behavior & Organization, Elsevier, vol. 154(C), pages 335-361.

    More about this item

    Keywords

    Bayesian approach; determinants; innovativeness Least Squares Method;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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