Journal section "Innovative development"

Potential for Asia-Pacific Countries Innovative Development

Kuznetsova N.V., Kocheva E.V.

Volume 10, Issue 3, 2017

Kuznetsova N.V., Kocheva E.V. Potential for Asia-Pacific Countries Innovative Development. Economic and Social Changes: Facts, Trends, Forecast, 2017, vol. 10, no. 3, pp. 150-170. DOI: 10.15838/esc.2017.3.51.8

DOI: 10.15838/esc.2017.3.51.8

Abstract   |   Authors   |   References
The relevance of the chosen topic is determined by the new geo-economic situation. Since the end of the 20th century, the vector of global economic development has shifted towards the Asia-Pacific region. Russia’s economic entry to the Asia Pacific region is a necessary condition for its internal sustainability and competitiveness on the international stage. The purpose for the research is to assess the level of innovative and technological development in Asia-Pacific countries with further clustering. Integrated assessment remains understudied, in particular, in the context of Asia¬-Pacific market. The authors estimate innovative activity of 42 Asia-Pacific countries during 2008–2013 (252 observations), built regression models, use their own methodology for clustering Asia-Pacific countries by level of innovation development in 2008–2013 according to indicators of innovative activity. The study identifies the most significant factors the changes in which have a positive impact on innovative development of a country: “human potential factor", “factor of innovative development”, “factors facilitating (impeding) the development of human abilities”. The research proves the role of human potential as the most meaningful factor in assessing the level of innovative-technological development of countries measured by indicators such as: per capita GDP, higher education enrolment rates, costs of R&D, engineers and researchers in R&D, demographic burden on the working-age population and life expectancy, investments and internet users. An increase in the above indicators in a particular country will lead to its efficient innovative development. The main area of state policy in terms of increasing economic potential is primarily stable growth of industrial production and significant annual GDP growth as a basis for increasing the level of financial self-sufficiency and economic independence. The use of the proposed set of indicators implies the study of factors which have the greatest impact on the integrated assessment of the level of innovative development of a country. The built regression models help use the identified factors with a positive impact on the outcome indicator, which will significantly influence the level of innovative development of a country in the long run


innovative development, human potential, asia-pacific region, regression analysis, patents, clustering

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