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IJSTR >> Volume 2- Issue 9, September 2013 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



The Composite ECAICI: Positioning Of Georgias Innovative Capacities In The Europe-Central Asia Region

[Full Text]

 

AUTHOR(S)

Joseph Gogodze

 

KEYWORDS

Index Terms: National innovation systems, Developing countries, Countries in transition, Composite indicator, Factor analysis

 

ABSTRACT

Abstract: This paper presents a brief analysis of the current innovative capabilities of Georgia based on the Europe-Central Asia Innovative Capability Indicator (ECAICI). This composite indicator is constructed using factor analysis tools. Research reveals that innovative processes in the Europe-Central Asia (ECA) region (by the World Bank classification) are mainly affected by four unobservable factors: knowledge creation, economic sophistication, knowlege absorption-diffusion, and human capital production. We show that the ECAICI is closely related to other well-known innovation indicators and to GDP per capita. The ECAICI was used to analyze the innovative capability dynamics during 1996-2010. This study serves as an illustration for the use of the ECAICI as an instrument for innovative capability assessment and analysis in Georgia and other post-USSR countries

 

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