INDICATORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL FIELD AND THE NATIONAL ECONOMY: REVIEW OF SCIENTIFIC LITERATURE

Keywords: indicators, innovation evaluation, the databases Scopus, industrial branch, National economy

Abstract

An essential characteristic of modern civilization is the growing level of innovative processes, which require a relevant assessment of their effectiveness. Today, there are quite a large number of indicators and methods for evaluating innovations, innovative activities, and innovation processes. However, it is necessary to choose indicators that most objectively assess the effects of the introduction of innovations. A reliable assessment of the level of innovation efficiency contributes to developing an effective innovation policy at various levels of the national economy. The article aims to study indicators that evaluate innovative progress at the sectoral and national levels for their classification and a better understanding of their nature. The analysis was carried out based on scientific works presented in the Scopus database. A systematic review, based on 37 publications selected according to determinate criteria for the period 2010-2023, was applied. The literature search using determinate phrases, among which "innovation indicators" were the primary keywords, was completed. A clarifying combination of words was successively added to them: "regional level", "country level", "industry level", "national economy", "manufacturing sector". In our analysis, we found that scientists use a significant number of indicators in their research. These indicators include both quantitative and qualitative measures. The result of the study was an improvement in the classification of innovative development indicators grouped into four categories. Each indicator category has a conceptual measurement framework that the future may contribute to the development of new indicators of innovation development. It is necessary to note that any industry has its own specifics, requiring particular indicators. Indicators for evaluating innovations must be selected depending on the problem to be solved. In addition, it should be a system of indicators that will allow for optimal decisions. The proposed classification allows us to develop new indicators that can evaluate innovations at different levels of the national economy and contribute to forming an effective innovation policy.

References

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Arundel A., Huber D. (2013). From too little to too much innovation? Issues in measuring innovation in the public sector. Structural Change and Economic Dynamics. Vol. 27, pp. 146–159. DOI: https://doi.org/10.1016/j.strueco.2013.06.009 (accessed 07 August 2023).

Banu G.S. (2018). Measuring innovation using key performance indicators. Procedia Manufacturing. Vol. 22, pp. 906–911. DOI: https://doi.org/10.1016/j.promfg.2018.03.128 (accessed 07 August 2023).

Bloch, C., Bugge, M.M. (2013). Public sector innovation – From theory to measurement. Structural Change and Economic Dynamics. Vol. 27, pp. 133–145. DOI: https://doi.org/10.1016/j.strueco.2013.06.008. (accessed 07 August 2023).

Borrás, S., & Laatsit, M. (2019). Towards system oriented innovation policy evaluation? Evidence from EU28 member states. Research Policy. Vol. 48. No. 1, pp. 312–321. DOI: https://doi.org/10.1016/j.respol.2018.08.020 (accessed 07 August 2023).

Bund, E., Gerhard, U., Hoelscher, M., Mildenberger, G. (2015). A methodological framework for measuring social innovation. Historical Social Research. Vol. 40. No. 3, pp. 48–78. DOI: https://doi.org/10.12759/hsr.40.2015.3.48-78 (accessed 07 August 2023).

Ciriaci D. Montresor S., Palma D. (2015) Do KIBS make manufacturing more innovative? An empirical investigation of four European countries. Technological Forecasting and Social Change. Vol. 95, pp. 135–151. DOI: https://doi.org/10.1016/j.techfore.2015.02.008 (accessed 07 August 2023).

Czarnitzki D., Hanel pp., Rosa J. M. (2011). Evaluating the impact of R&D tax credits on innovation: A microeconometric study on Canadian firms. Research Policy. Vol. 40. No. 2, pp. 217–229. DOI: https://doi.org/10.1016/j.respol.2010.09.017 (accessed 07 August 2023).

Damle M., Krishnamoorthy B. (2022). Identifying critical drivers of innovation in pharmaceutical industry using TOPSIS method. MethodsX. Vol. 9. № 101677. DOI: https://doi.org/10.1016/j.mex.2022.101677 (accessed 07 August 2023).

Dediu V., Leka S., Jain A. (2018). Job demands, job resources and innovative work behaviour: a European Union study. European Journal of Work and Organizational Psychology Vol. 27. No. 3, pp. 310–323. DOI: https://doi.org/10.1080/1359432X.2018.1444604 (accessed 07 August 2023).

Dziallas M., Blind K. (2019). Innovation indicators throughout the innovation process: An extensive literature analysis. Technovation. Vol. 80-81, pp. 3–29. DOI: https://doi.org/10.1016/j.technovation.2018.05.005 (accessed 07 August 2023).

Dziallas M. (2020). How to evaluate innovative ideas and concepts at the front-end?: A front-end perspective of the automotive innovation process. Journal of Business Research. Vol. 110, pp. 502–518. DOI: https://doi.org/10.1016/j.jbusres.2018.05.008 (accessed 07 August 2023).

Edquist C., Zabala-Iturriagagoitia J. M., Barbero J., Zofío J. L. (2018). On the meaning of innovation performance: Is the synthetic indicator of the Innovation Union Scoreboard flawed? Research Evaluation. Vol. 27. No. 3, pp. 196–211. DOI: https://doi.org/10.1093/reseval/rvy011 (accessed 07 August 2023).

Frietsch R., Schmoch U. (2010). Transnational patents and international markets. Scientometrics. Vol. 82. No. 1, pp. 185–200. DOI: https://doi.org/10.1007/s11192-009-0082-2 (accessed 07 August 2023).

Gault F. (2018). Defining and measuring innovation in all sectors of the economy. Research Policy. Vol. 47. No. 3, pp. 617–622. DOI: https://doi.org/10.1016/j.respol.2018.01.007 (accessed 07 August 2023).

Grupp H., Schubert T. (2010). Review and new evidence on composite innovation indicators for evaluating national performance. Research Policy. Vol. 39. No. 1, pp. 67–78. DOI: https://doi.org/10.1016/j.respol.2009.10.002 (accessed 07 August 2023).

Hauser C., Siller, M., Schatzer, T., Walde, J., Tappeiner, G. (2018). Measuring regional innovation: A critical inspection of the ability of single indicators to shape technological change. Technological Forecasting and Social Change. Vol. 129, pp. 43–55. DOI: https://doi.org/10.1016/j.techfore.2017.10.019 (accessed 07 August 2023).

Janger, J., Schubert T., Andries pp., Rammer C., Hoskens M. (2017). The EU 2020 innovation indicator: A step forward in measuring innovation outputs and outcomes? Research Policy. Vol. 46, No. 1, pp. 30–42. DOI: https://doi.org/10.1016/j.respol.2016.10.001 (accessed 07 August 2023).

Jin J., Han L. (2018). Assessment of Chinese green funds: Performance and industry allocation. Journal of Cleaner Production. Vol. 171, pp. 1084–1093. DOI: https://doi.org/10.1016/j.jclepro.2017.09.211 (accessed 07 August 2023).

Krlev G., Bund E., Mildenberger G. (2014). Measuring What Matters – Indicators of Social Innovativeness on the National Level. Information Systems Management. Vol. 31. No. 3, pp. 200–224. DOI: https://doi.org/10.1080/10580530.2014.923265 (accessed 07 August 2023).

Law S.H., Naseem N.A.M., Lau W.T., Trinugroho I. (2020). Can innovation improve income inequality? Evidence from panel data. Economic Systems. Vol. 44. No. 4. Article 100815. DOI https://doi.org/10.1016/j.ecosys.2020.100815 (accessed 07 August 2023).

Luo Y., Lu Z., Muhammad S., Yang H. (2021). The heterogeneous effects of different technological innovations on eco-efficiency: Evidence from 30 China's provinces. Ecological Indicators. Vol. 127. Article 107802. DOI: https://doi.org/10.1016/j.ecolind.2021.107802 (accessed 07 August 2023).

Luz L.M., de Francisco A.C., Piekarski C.M. (2015). Proposed model for assessing the contribution of the indicators obtained from the analysis of life-cycle inventory to the generation of industry innovation. Journal of Cleaner Production. Vol. 96, pp. 339–348. DOI: https://doi.org/10.1016/j.jclepro.2014.03.004 (accessed 07 August 2023).

Stek P., van Geenhuizen M. (2016) The influence of international research interaction on national innovation performance: A bibliometric approach. Technological Forecasting and Social Change. Vol. 110, pp. 61–70. DOI: https://doi.org/10.1016/j.techfore.2015.09.017 (accessed 07 August 2023).

Protogerou A., Kontolaimou A., Caloghirou Y. (2017). Innovation in the European creative industries: a firm-level empirical approach. Industry and Innovation. Vol. 24. No. 6m pp. 587–612. DOI: https://doi.org/10.1080/13662716.2016.1263551 (accessed 07 August 2023).

Raghupathi V., Raghupathi W. (2017). Innovation at country-level: association between economic development and patents. Journal of Innovation and Entrepreneurship. Vol. 6. No. 1m pp. 1–20. DOI: https://doi.org/10.1186/s13731-017-0065-0 (accessed 07 August 2023).

Stam E. (2013). Knowledge and entrepreneurial employees: A country-level analysis. Small Business Economics. Vol. 41. No. 4, pp. 887–898. DOI: https://doi.org/10.1007/s11187-013-9511-y (accessed 07 August 2023).

Szücs F. (2018). Research subsidies, industry–university cooperation and innovation. Research Policy. Vol. 47. No. 7, pp. 1256–1266. DOI: https://doi.org/10.1016/j.respol.2018.04.009 (accessed 07 August 2023).

Unceta A., Castro-Spila J., García Fronti J. (2016). Social innovation indicators. Innovation: The European Journal of Social Science Research. Vol. 29. No. 2, pp. 192–204. DOI: https://doi.org/10.1080/13511610.2015.1127137 (accessed 07 August 2023).

Unceta A., Castro-Spila J., García Fronti J. (2017). The three governances in social innovation. Innovation: The European Journal of Social Science Research. Vol. 30. No. 4, pp. 406–420. DOI: https://doi.org/10.1080/13511610.2017.1279537 (accessed 07 August 2023).

Veugelers R., Cincera M., Frietsch R., Rammer C., Schubert T., Pelle A., Leijten J. (2015). The Impact of Horizon 2020 on Innovation in Europe. Intereconomics. Vol. 50. No. 1, pp. 4–30. DOI: https://doi.org/10.1007/s10272-015-0521-7 (accessed 07 August 2023).

Walz R., Köhler J. (2014). Using lead market factors to assess the potential for a sustainability transition. Environmental Innovation and Societal Transitions. Vol. 10, pp. 20–41. DOI: https://doi.org/10.1016/j.eist.2013.12.004 (accessed 07 August 2023).

Walz R., Pfaff M., Marscheider-Weidemann F., Glöser-Chahoud S. (2017). Innovations for reaching the green sustainable development goals – where will they come from? International Economics and Economic Policy. Vol. 14. No. 3, pp. 449–480. DOI: https://doi.org/10.1007/s10368-017-0386-2 (accessed 07 August 2023).

Wydra S. (2020). Measuring innovation in the bioeconomy – Conceptual discussion and empirical experiences. Technology in Society. Vol. 61. Article 101242. DOI: https://doi.org/10.1016/j.techsoc.2020.101242 (accessed 07 August 2023).

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Published
2023-10-31
How to Cite
Lytvynenko, N. (2023). INDICATORS OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL FIELD AND THE NATIONAL ECONOMY: REVIEW OF SCIENTIFIC LITERATURE. Economic Scope, (187), 23-28. https://doi.org/10.32782/2224-6282/187-3
Section
WORLD ECONOMY AND INTERNATIONAL ECONOMIC RELATIONS