Composite indicator ECAICI and positioning of Georgia’s innovative capacities in Europe-Central Asia Region

Joseph Gogodze

MPRA Paper from University Library of Munich, Germany

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

Keywords: National innovation systems; Developing countries; Countries in transition; Composite indicator; Factor analysis (search for similar items in EconPapers)
JEL-codes: C43 C81 O30 (search for similar items in EconPapers)
Date: 2013-01-20
New Economics Papers: this item is included in nep-cis, nep-ino and nep-tra
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Citations: View citations in EconPapers (1)

Published in INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY RESEARCH 9.2(2013): pp. 111-119

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Working Paper: Composite indicator ECAICI and positioning of Georgia’s innovative capacities in Europe-Central Asia Region (2013)
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