Analysis of innovation in EU countries
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Date
2024
Authors
Nikolić, Ivica
Stojanović, Anđelka
Radić, Aleksandra
Đorđević, Predrag
Journal Title
Journal ISSN
Volume Title
Publisher
University of Belgrade, Technical Faculty in Bor
Source
[XX] International May Conference on Strategic Management – IMCSM24, May 31, 2024, Bor [Elektronski izvor]
Volume
XX
Issue
2
Abstract
This paper explores the level of innovativeness among European Union (EU) countries through the application of the Global Innovation Index (GII) and cluster analysis methodology. The research aims to identify the key factors contributing to innovation in various EU countries and to group these countries into homogeneous cluster groups to understand their innovation performance better. Cluster analysis is employed to identify similarities among countries based on their innovation characteristics. The research results provide insight into the relative position of EU countries in the domain of innovation, identifying innovation leaders as well as those lagging behind. Cluster analysis enables the grouping of countries into cluster groups based on similarities in their innovation profiles, facilitating the identification of common challenges and opportunities for collaboration.
Description
Keywords
Global Innovation Index, Innovation, European Union, Cluster analysis
Citation
DOI
10.5937/IMCSM24069N
Scopus
ISSN
2620-0597
ISBN
978-86-6305-151-5
License
CC-BY-NC-ND