The innovative potential of the Visegrad Group regions

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The innovative potential of the Visegrad Group regions

Journal Title: Економічний вісник університету - Year 2018, Vol 0, Issue 38

Abstract

The main aim of analysisis to determine the innovation potential and the level in the Visegrad Group regions, 25 years after the start of economic transformation. The reference point in the analysis is the European Union and its average values in terms of selected innovation indicators. Two methods were used in the analysis. The theoretical part uses a method of literature studies. In the empirical part - a comparative method,  which used the comparison of the Visegrad Group states and the average for the entire EU, in the scope of selected indicators of innovation potential. Results of a research. Innovation and innovativeness are no longer exclusively associated with economic activity. They also refer to public management and human attitudes. Innovativeness of the region is a component of innovation of all units operating in a given territory and determines the achievement of competitive advantage. The Visegrad Group was formed in the early 1990s. It clusters neighboring countries of Central and Eastern Europe, which began economic  transformation at the same time. The innovative potential of the Visegrad Group regions is low, comparing to the EU average. What is worse, in recent years the distance in many elements of this potential has deepened. As an example are such indicators as: expenditures of enterprises on research and development, participation in lifelong learning, or employment in the high-tech sector. One of the few potentials that can determine the  economics competitiveness of V4 group, in the future, is human capital and a high level of education in society. As a result of the analysis, it also turned out that among the Visegrad Group countries, the most innovative potential lies in the Czech and Hungarian regions. This was also reflected in the summary ranking of innovativeness. What is also important, relatively high level of innovation potential of the capital regions, which are characterized by high entrepreneurship, higher level of education and higher research and development activity of enterprises. Range of application of results: government agencies supporting innovation, local government units responsible for regional innovation, entrepreneurs. Conclusions. Innovativeness is considered today as a key determinant of the countries and regions  competitiveness. The low innovation potential of the Visegrad Group regions affects their weak economic position in relation to more developed countries. Therefore, it is crucial that the authorities should support individual elements of this potential, especially university education.

Authors and Affiliations

Mariusz Czupich

Keywords

EP ID EP478148
DOI 10.31470/2306-546X-2018-38-14-22
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