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Assessment of the innovation potential of the selected regions

Author

Listed:
  • Jevgenij Gladevich

    (Daugavpils University, Latvia)

Abstract

Assessment of innovation potential is becoming an increasingly urgent problem. Many scientists and researchers are interested in this issue, alas, evaluate innovation potential differently. Some scholars emphasize resources, while others think about the achieved result. Another group of researchers focus on the transition process from resources to results while evaluating innovation potential. This paper attempts to integrate the three basic approaches (resource, process and resulting) and suggest a combination of known innovation potential assessment methods. The author claims that the innovation development goal is the result (abilities) and initial resources (opportunities) and stresses a process of transformation into an innovative product. The author offers an original definition of the innovation potential of a region. Complex evaluation with the sum method leads to an original integral indicator. Selected geographical areas are grouped into quintiles; the obtained results are depicted on maps for more convenient perception and visualization. The obtained results are interpreted, and policy implications are suggested.

Suggested Citation

  • Jevgenij Gladevich, 2023. "Assessment of the innovation potential of the selected regions," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(3), pages 22-43, March.
    • Handle: RePEc:ssi:jouesi:v:10:y:2023:i:3:p:22-43
    DOI: 10.9770/jesi.2023.10.3(2)
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    References listed on IDEAS

    as
    1. 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.
    2. Elina Mikelsone & Aivars Spilbergs & Tatjana Volkova & Elita Liela, 2022. "Idea Management Systems in Developing Innovation Capacity," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 19(03), pages 1-22, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    innovation; innovation potential; innovation potential evaluation methods; Latvia; Lithuania; other neighbouring countries;
    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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