Diverse Approaches to the Multidimensional Assessment of Innovation in the European Union

Elżbieta Roszko-Wójtowicz () and Jacek Białek
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Elżbieta Roszko-Wójtowicz: Department of Economic and Social Statistics, Faculty of Economics and Sociology, University of Lodz, Poland

Acta Oeconomica, 2018, vol. 68, issue 4, 521-547

Abstract: The paper concentrates on the evaluation of the Global Innovation Index, the Summary Innovation Index and the Innovation Output Indicator. For the purpose of this article, the PROFIT (PROperty- FITting) method, an extension of the multidimensional scaling (MDS), was applied. The ultimate goal of MDS techniques is to produce a geometric map that illustrates the underlying structure of complex phenomena such as the innovation performance of the EU countries. Cluster analysis, conducted with the use of Ward’s method provided an objective view of the division of the EU countries based on their selected characteristics. The final result is a two-dimensional map illustrating the structure of innovation performance. The main conclusion drawn from the analysis is the explanation of distance between single indices in a spatial map and their role in distinguishing specific groups of the EU countries from the perspective of innovation performance.

Keywords: multidimensional scaling (MDS); property fitting method (PROFIT); clustering; innovation intensity; EU member countries; synthetic measures of innovativeness (search for similar items in EconPapers)
JEL-codes: A11 A14 B16 (search for similar items in EconPapers)
Date: 2018
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