INNOVATION AND COMPETITIVENESS IN REGIONS OF THE SLOVAK REPUBLIC
INNOVATION AND COMPETITIVENESS IN REGIONS OF THE SLOVAK REPUBLIC

Author(s): Jarmila Hudáková, Milan Maroš
Subject(s): Business Economy / Management, Micro-Economics, Regional Geography
Published by: Masarykova univerzita nakladatelství
Keywords: innovation; competitiveness; Regional Innovation Index; Regional Competitiveness Index; correlation; NUTS II;
Summary/Abstract: Innovations are the fundamental source of growth competitiveness of regional economy. The aim of the article is to identify the dependency between innovation and competitiveness of regions of Slovakia. The study of the link between innovation and competitiveness used descriptive analysis and correlation. The data of innovation for regions was extracted from the European Innovation Scoreboard using Regional Innovation Index (RII) 2017 on level NUTS II (Nomenclature of Units for Territorial Statistics). The data of competitiveness for regions was extracted from the Regional Competitiveness Index 2017 (RCI) also on level NUTS II. For testing the link between innovation and competitiveness we used correlation index. Bratislavský kraj is a Strong Innovator, Západné Slovensko is a Moderate Innovator, Stredné Slovensko is a Moderate Innovator, Východné Slovensko is a Moderate + Innovator. The region of Bratislavský kraj has the best results in both innovation and competitiveness. The region Východné Slovensko has the lowest competitiveness score. Paper shows that the correlation, between the Regional Competitiveness Index and the innovation performance, is very strong, the correlation coefficient being 0.954 for Slovak Republic, for Bratislavsky kraj is 0.906, for Západné Slovensko is 0.928, for Stredné Slovensko is 0.908 and Východné Slovensko has coefficient 0.815.

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