Comprehensive analysis of the global innovation index: statistical and strategic approach

Oturakci, Murat

doi:10.1080/09537325.2021.1980209

Cited by 22 publications

(14 citation statements)

References 32 publications

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“…Successful effort of Gulf Co-operation Council countries to build appropriate regulatory framework and support system might be a good example for the post-conflict countries integrated in similar forms of regional cooperations, such as Open Balkans countries: Republic of Serbia, Albania, and North Macedonia [40]. Such countries can increase their competitiveness and keep pace with the technological trends and developments [41], [16].…”

Section: Discussionmentioning

confidence: 99%

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E-Business as Catalyst for Global Transformation of SMEs: A Middle East Perspective

Selaković,

Ljepava,

Tarabasz

et al. 2023

TEM Journal

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Small and medium enterprises (SMEs) are carriers of the economic development on local, regional, and national level. With high levels of flexibility, agility and adaptability, small and medium enterprises have the ability to transform and embrace new emerging technologies and opportunities. In the Industry 4.0 world, characterized by the intensive development and integration of digital solutions into all levels of operations, SMEs are among early adopters of such solutions. The purpose of the paper is to examine how small and medium enterprises in the Middle East are increasing their competitiveness, using innovative digital and e-business solutions as key transformative tools. Within the research, a systematic review of support ecosystem for development of the sector in the Middle East has been performed. Based on the systematic review and literature findings, the 5I framework, consisting of internationalization, innovation, integration, implementation, and intensifying, has been suggested as the model for transformative development of small and medium enterprises. In the future research, it is possible to examine how fast-growing economies that create supportive environment for the development of small and medium enterprises, simultaneously recognizing digital and e-business solutions as important pillar of increasing competitiveness and innovativeness, might benefit from successful implementation of 5I framework for successful global transformation.

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Section: Discussionmentioning

confidence: 99%

“…Innovations with high novelty, such as ebusiness or digital solutions, strongly increase the competitiveness of the SMEs. Thus, implementation of novel innovations to achieve full disruptive potential is highly recommended in the transformation of the SMEs towards high competitiveness [16], [36].…”

Section: Intensifymentioning

confidence: 99%

E-Business as Catalyst for Global Transformation of SMEs: A Middle East Perspective

Selaković,

Ljepava,

Tarabasz

et al. 2023

TEM Journal

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“…The index is a detailed quantitative tool, consisting of 2 primary indicators, 7 secondary indicators, 21 tertiary indicators, 81 tertiary indicators. Oturakci pointed out that the current index is often used by economists to analyze regional and structural analysis, and the measures given in the annual output report have been widely adopted by governments [19].…”

Section: Variable Definitionmentioning

confidence: 99%

National Innovation Capacity and Economic Growth: A Global Empirical Analysis

Xu¹

2023

BCPBM

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In recent years, building an innovative country has gradually become a hot topic in the international community. Relying on scientific and technological innovation to increase their core competitiveness has become an objective requirement of all economies. Therefore, starting from Schumpeter's theory, this paper takes 41 countries from 2011 to 2021 as samples to investigate the impact of national innovation capacity on their economic growth, the intermediary role of price level in the main relationship, and the heterogeneity of developed and developing countries after analyzing the pattern of innovation capacity of countries in the world. This paper uses the global innovation index and the CPI of various countries for empirical analysis. The empirical results show that countries with high GII scores are more likely to have a good economic growth; The lower consumer price level has a positive effect on the GII to influence the economic growth; Scientific and technological progress in developed countries is more conducive to economic growth. This study mainly discusses the impact of innovation ability on economic growth and adds content to relevant literature to help countries think about their innovation level and change ways.

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“…Al-Sudairi and Haj Bakry (2014) Yu et al (2021) took data for the period from 2016 to 2020 and used a fuzzy set to identify a common causal combination in each year, which could be used for GII interpretation. Oturakci (2022) observed the relationship between input and output indicators and analyzed it with canonical correlation analysis. In addition, he used a t-test to examine whether the explanatory factors correspond to the country's income levels.…”

Section: Research Backgroundmentioning

confidence: 99%

“…To follow the innovation capabilities in countries, the Global Innovation Index (GII) is used. The GII reveals the comprehensive innovation effect of countries, helping developing economies to keep pace with technologies (Oturakci, 2022). The main aim of this study is to examine the innovative level of the Western Balkan countries.…”

Section: Introductionmentioning

confidence: 99%

A multi-criteria approach to the comparative analysis of the global innovation index on the example of the Western Balkan countries

Stojanović

Puška²,

Selaković

2022

Economics

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Innovation is crucial for the competitiveness of countries in the global market. Countries oriented to progress must invest in innovative activities. Using the example of the Western Balkan countries, this study investigated their innovative competitiveness. The indicators of the Global Innovation Index (GII) were used for the years 2019, 2020, and 2021. A multi-criteria approach was based on the innovative SMART approach. The weights of the criteria were determined using the CRITIC (criteria importance through intercriteria correlation) method, while the CRADIS (compromise ranking of alternatives from distance to ideal solution) method ranked the Western Balkan countries according to their innovative characteristics. The results showed that Montenegro had the best innovation indicators, followed by Serbia, while Albania had the worst indicators. This research showed an innovative approach of using four normalizations, and the advantages of these normalizations were used to contribute to stabilization in multi-criteria decision-making.

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Comprehensive analysis of the global innovation index: statistical and strategic approach

Cited by 22 publications

References 32 publications

E-Business as Catalyst for Global Transformation of SMEs: A Middle East Perspective

E-Business as Catalyst for Global Transformation of SMEs: A Middle East Perspective

National Innovation Capacity and Economic Growth: A Global Empirical Analysis

A multi-criteria approach to the comparative analysis of the global innovation index on the example of the Western Balkan countries

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