How to improve the innovation level of a country? A Bayesian net approach

Çinicioğlu, Esma Nur and Ulusoy, Gündüz and Ekici, Şule Önsel and Ülengin, Füsun and Ülengin, Burç (2014) How to improve the innovation level of a country? A Bayesian net approach. [Working Paper / Technical Report] Sabanci University ID:UNSPECIFIED

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This study aims to provide strategic guidelines to policy makers who are developing strategies to improve their country’s innovativeness. In this paper, we claim that innovation cannot be related only to some factors inherent in the environment of a country, nor is it a single entity to be managed without any linkages to the rest of the actors comprising the competitiveness of a country. Hence, a comprehensive study on innovation should cover the interaction between competitiveness indicators and innovation. For this purpose, the innovation performance of 148 countries is analyzed using an integrated cluster analysis and a Bayesian network framework. These countries are first clustered based on the average values of their competitiveness indicators representing 12 pillars and several sub-pillars adopted from the Global Competitiveness Reports of World Economic Forum for the 2009-2012 period. As a result, five appropriate clusters emerge: Leaders, Followers, Runners Up, Developing Ones, and Laggers. A factor analysis is then conducted to reveal the main characteristics of each cluster in terms of competitiveness indicators. Subsequently, a Bayesian network is constructed and sensitivity analyses are performed to reveal important policies for each cluster.
Item Type: Working Paper / Technical Report
Uncontrolled Keywords: Innovation, Competitiveness, Cluster analysis, Bayesian networks, Sensitivity analysis
Subjects: T Technology > T Technology (General) > T055.4-60.8 Industrial engineering. Management engineering
Divisions: Sabancı Business School
Faculty of Engineering and Natural Sciences > Academic programs > Industrial Engineering
Sabancı Business School > Management and Strategy
Faculty of Engineering and Natural Sciences
Depositing User: Gündüz Ulusoy
Date Deposited: 08 Nov 2014 21:29
Last Modified: 26 Apr 2022 10:51

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