Comparing the innovation performance of EU candidate countries: an entropy-based TOPSIS approach
Innovation is important for countries in the competitive global economy. It is one of the main criteria for countries to be superior, to remain competitive, and to produce high technology products. Countries allocate different types of incentives to encourage innovation activities in their countries...
Published in: | Economic Research-Ekonomska Istraživanja |
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ftyildiztuniv:60650182-5fc4-4b35-8bfc-8c2171078929 2023-09-26T15:19:22+02:00 Comparing the innovation performance of EU candidate countries: an entropy-based TOPSIS approach Dereli, Türkay ALTUNTAŞ, Serkan Kaynak, Selahattin 2017-01-01T00:00:00Z https://avesis.yildiz.edu.tr/publication/details/60650182-5fc4-4b35-8bfc-8c2171078929/oai https://doi.org/10.1080/1331677x.2016.1265895 eng eng 60650182-5fc4-4b35-8bfc-8c2171078929 doi:10.1080/1331677x.2016.1265895 https://avesis.yildiz.edu.tr/publication/details/60650182-5fc4-4b35-8bfc-8c2171078929/oai info:eu-repo/semantics/closedAccess info:eu-repo/semantics/article 2017 ftyildiztuniv https://doi.org/10.1080/1331677x.2016.1265895 2023-08-27T20:49:22Z Innovation is important for countries in the competitive global economy. It is one of the main criteria for countries to be superior, to remain competitive, and to produce high technology products. Countries allocate different types of incentives to encourage innovation activities in their countries. Innovation is also one of the strategic issues for the European Union (EU). The aim of this study is to compare the innovation performance of four EU candidate countries, Macedonia (FYR), Iceland, Serbia and Turkey. The entropy-based Technique for Order Performance by Similarity to Ideal Solution (TOPSIS) approach is proposed in this paper. First, the importance of each variable is computed by the entropy method to reflect on the differences among the variables in the calculation process. Subsequently, the TOPSIS method is performed by using the value and importance of variables for prioritisation of the candidate countries with respect to their innovation performance. Four case studies are conducted to show the viability of the proposed approach. Each cases study uses different reports, namely The Global Competitiveness Index, Innovation Union Scoreboard, Knowledge Assessment Methodology (KAM) and Global Innovation Index. The results of this study show that the proposed approach provides the same ranking as Innovation Union Scoreboard and KAM. Article in Journal/Newspaper Iceland Yıldız Technical University Research Information System Economic Research-Ekonomska Istraživanja 30 1 31 54 |
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Open Polar |
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Yıldız Technical University Research Information System |
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language |
English |
description |
Innovation is important for countries in the competitive global economy. It is one of the main criteria for countries to be superior, to remain competitive, and to produce high technology products. Countries allocate different types of incentives to encourage innovation activities in their countries. Innovation is also one of the strategic issues for the European Union (EU). The aim of this study is to compare the innovation performance of four EU candidate countries, Macedonia (FYR), Iceland, Serbia and Turkey. The entropy-based Technique for Order Performance by Similarity to Ideal Solution (TOPSIS) approach is proposed in this paper. First, the importance of each variable is computed by the entropy method to reflect on the differences among the variables in the calculation process. Subsequently, the TOPSIS method is performed by using the value and importance of variables for prioritisation of the candidate countries with respect to their innovation performance. Four case studies are conducted to show the viability of the proposed approach. Each cases study uses different reports, namely The Global Competitiveness Index, Innovation Union Scoreboard, Knowledge Assessment Methodology (KAM) and Global Innovation Index. The results of this study show that the proposed approach provides the same ranking as Innovation Union Scoreboard and KAM. |
format |
Article in Journal/Newspaper |
author |
Dereli, Türkay ALTUNTAŞ, Serkan Kaynak, Selahattin |
spellingShingle |
Dereli, Türkay ALTUNTAŞ, Serkan Kaynak, Selahattin Comparing the innovation performance of EU candidate countries: an entropy-based TOPSIS approach |
author_facet |
Dereli, Türkay ALTUNTAŞ, Serkan Kaynak, Selahattin |
author_sort |
Dereli, Türkay |
title |
Comparing the innovation performance of EU candidate countries: an entropy-based TOPSIS approach |
title_short |
Comparing the innovation performance of EU candidate countries: an entropy-based TOPSIS approach |
title_full |
Comparing the innovation performance of EU candidate countries: an entropy-based TOPSIS approach |
title_fullStr |
Comparing the innovation performance of EU candidate countries: an entropy-based TOPSIS approach |
title_full_unstemmed |
Comparing the innovation performance of EU candidate countries: an entropy-based TOPSIS approach |
title_sort |
comparing the innovation performance of eu candidate countries: an entropy-based topsis approach |
publishDate |
2017 |
url |
https://avesis.yildiz.edu.tr/publication/details/60650182-5fc4-4b35-8bfc-8c2171078929/oai https://doi.org/10.1080/1331677x.2016.1265895 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
60650182-5fc4-4b35-8bfc-8c2171078929 doi:10.1080/1331677x.2016.1265895 https://avesis.yildiz.edu.tr/publication/details/60650182-5fc4-4b35-8bfc-8c2171078929/oai |
op_rights |
info:eu-repo/semantics/closedAccess |
op_doi |
https://doi.org/10.1080/1331677x.2016.1265895 |
container_title |
Economic Research-Ekonomska Istraživanja |
container_volume |
30 |
container_issue |
1 |
container_start_page |
31 |
op_container_end_page |
54 |
_version_ |
1778142635663294464 |