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Assessment of the innovation potential of the regions of Latvia, Lithuania and Belarus

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  • Jevgenij Gladevich

    (Daugavpils University, Latvia)

Abstract

The concept of innovation potential is complicated and complex, its evolution is closely related to the concept of innovation. There are several approaches to define the innovation potential. Some scientists and researchers define innovation potential as a set of several resources, other scientists - as a result of innovative activity. The author is a supporter of the resource approach and explores the potential of innovation from the perspective of resources. There are several approaches to determining the innovation potential from the resource perspective, however, they are mostly intended for the evaluation of the innovation potential at the national level or at the level of large regions. In addition, most of the assessment methodologies are tailored to the analysis of specific regions and it is difficult to adapt them to the evaluation of other regions. Therefore, the author develops his own methodology for assessing innovation potential, adapted for NUTS3 regions, and uses it to assess the innovation potential of Latvian, Lithuanian and Belarusian regions. The given approach makes it possible to promptly evaluate existing resources and define opportunities, thus providing the region with a stable market position, especially within the regional context, which is required by the ever-increasing and fierce competition.

Suggested Citation

  • Jevgenij Gladevich, 2022. "Assessment of the innovation potential of the regions of Latvia, Lithuania and Belarus," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(1), pages 293-327, September.
    • Handle: RePEc:ssi:jouesi:v:10:y:2022:i:1:p:293-327
    DOI: 10.9770/jesi.2022.10.1(16)
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    References listed on IDEAS

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    1. Freeman, Chris, 1995. "The 'National System of Innovation' in Historical Perspective," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 19(1), pages 5-24, February.
    2. Pu Liu & Yingying Shao, 2022. "Innovation and new business formation: the role of innovative large firms," Small Business Economics, Springer, vol. 59(2), pages 691-720, August.
    3. Daron Acemoglu & Ufuk Akcigit & Murat Alp Celik, 2022. "Radical and Incremental Innovation: The Roles of Firms, Managers, and Innovators," American Economic Journal: Macroeconomics, American Economic Association, vol. 14(3), pages 199-249, July.
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    More about this item

    Keywords

    innovation; innovation potential; innovation capacity; resources of the innovation potential; concept of the innovation potential; quantitative and structural differences in innovation potential; cluster analysis; development vector;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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