Naslov
THE IMPACT OF DIGITAL INNOVATION ON NATIONAL COMPETITIVENESS

Autori
Veselica, Rozana

Izvornik
Economic and social development (1849-7535) 37 (2019); 441-448

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, ostalo, znanstveni

Ključne riječi
competitiveness ; competitiveness index ; innovation ; regional competitiveness ; sustainable competitive advantage

Sažetak
Today, companies and countries live in a fast changing and dynamic business environment. Being competitive and innovative is one of the main aims of each business and national economy. The quest for competitive advantage becomes even more crucial when we consider the strong impact of globalisation and the ongoing 4th Industrial Revolution. The author will be investigating the connection between innovation and competitiveness, accordingly to the global competitiveness index. Innovation will be defined based on the most recent 4th edition of the Oslo manual "An innovation is a new or improved product or process (or combination thereof) that differs significantly from the unit's previous products and processes and that has been made available to potential users (product) or brought into use by the unit (process)." (OECD, Oslo manual, 4th Edition, 2018, p. 20.). In the paper competitiveness will be defined as "the set of institutions, policies and factors that determine the level of productivity of a country" as defined by The World Economic Forum (WEF), which has been measuring competitiveness among countries since 1979. Thought it's Global Competitiveness Index (GCI) The World Economic Forum assesses the competitiveness of 140 countries, providing valuable insights of each economy. Innovation and innovation activities are becoming one of the most important factors into achieving sustainable competitive advantage. In this paper the author will collect, compare, analyse and deduct the main indicators for competitiveness and innovation for the selected national economy - The Republic of Croatia. Competitiveness and innovation will also be analysed in terms of regional competitiveness based on the last EU Regional Competitiveness Index for 2016. The paper will investigate and furthermore analyse the strong linkage found between innovation and competitiveness for the selected national economy case.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA