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JCR Category: Business in ESCI edition

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2023) 1.2 Q4
Journal Citation IndicatorTM (2023) 0.33 Q3
Received: 2022-09-20  |  Accepted: 2023-01-17  |  Published: 2023-03-30

Title

Assessment of the innovation potential of the selected regions


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.


Keywords

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


JEL classifications

O11 , O31 , R11


URI

http://jssidoi.org/jesi/article/1051


DOI


Pages

22-43


Funding

The article was developed within the ESF project No. 8.2.2.0/20/I/003 "Strengthening the Professional Competence of the Academic Staff in the Fields of Strategic Specialization of Daugavpils University, Round 3".

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Gladevich, Jevgenij
Daugavpils University, Daugavpils, Latvia https://du.lv
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

10


Number

3


Issue date

March 2023


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1114  |  PDF downloads: 535

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