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Received: 2022-05-11 | Accepted: 2022-08-16 | Published: 2022-09-30

Title

Assessment of the innovation potential of the regions of Latvia, Lithuania and Belarus

Abstract

The concept of innovation potential is complicated and complex, its evolution is closely related to the concept of innovation. There are several approaches to define the innovation potential. Some scientists and researchers define innovation potential as a set of several resources, other scientists - as a result of innovative activity. The author is a supporter of the resource approach and explores the potential of innovation from the perspective of resources. There are several approaches to determining the innovation potential from the resource perspective, however, they are mostly intended for the evaluation of the innovation potential at the national level or at the level of large regions. In addition, most of the assessment methodologies are tailored to the analysis of specific regions and it is difficult to adapt them to the evaluation of other regions. Therefore, the author develops his own methodology for assessing innovation potential, adapted for NUTS3 regions, and uses it to assess the innovation potential of Latvian, Lithuanian and Belarusian regions. The given approach makes it possible to promptly evaluate existing resources and define opportunities, thus providing the region with a stable market position, especially within the regional context, which is required by the ever-increasing and fierce competition.

Keywords

innovation, innovation potential, innovation capacity, resources of the innovation potential, concept of the innovation potential, quantitative and structural differences in innovation potential, cluster analysis, development vector

JEL classifications

O11 , O31 , R11

URI

http://jssidoi.org/jesi/article/997

DOI

DOI 10.9770/jesi.2022.10.1(16)

Pages

293-327

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

Number

Issue date

September 2022

Issue DOI

DOI 10.9770/jesi.2022.10.1

ISSN

ISSN 2345-0282 (online)

Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Article views & downloads

HTML views: 1677 | PDF downloads: 617

References

Acemoglu, D., Akcigit, U., & Celik, M. (2022). Radical and Incremental Innovation: The Roles of Firms, Managers, and Innovators. American Economic Journal: Macroeconomics, 14(3), 199-249. http://doi.org/10.1257/mac.20170410