This paper presents a brief analysis of the current innovative capabilities of Georgia based on the Europe-Central Asia Innovative Capability Indicator (ECAICI). This composite indicator is constructed using factor analysis tools. Research reveals that innovative processes in the Europe-Central...

ECAICI indicator introduced in the present article enables to analyze innovative capacities dynamics of the ECA region (by The World Bank classification) countries in 1996-2010. Thorough research reveals four leading unobservable factors, affecting innovative processes in ECA region. These...

Present article introduces composite indicator for regional innovative systems of the countries with developing and transitional economy. Using the factor analysis technique it exposes four principal unobservable factors, which reflect basic aspects of regional innovative systems. Those factors...