THE BILATERAL LINKAGES BETWEEN INNOVATIONS AND DIGITALIZATION. EVIDENCE FROM CIS COUNTRIES
Journal Title: International scientific journal Science and Innovation - Year 2024, Vol 3, Issue 1
Abstract
In the framework of the advancement of the knowledge economy, innovation and digital technology play crucial roles. Simultaneously, there is an ongoing question on the relative importance of each of these elements. To examine this matter, the article examines the statistics on 9 Commonwealth of Independent States (CIS) republics. The modelling findings indicate that the components exhibit comparable significance, implying a reciprocal association between innovation and the degree of digitalization. Hence, a 10% enhancement in the innovation ecosystem may lead to a maximum 3% increase in the degree of digitalization. Simultaneously, an inverse relationship exists: a 10% rise in the adoption of digitalization leads to a 2% boost in innovation.
Authors and Affiliations
O. Nazarov, A. Kostyuchenko
Keywords
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- EP ID EP729934
- DOI 10.5281/zenodo.10511035
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