Analysis of efficiency of innovation activities in the countries of the Eurasian Economic Union

  • Kurmanov N.A., Toksanova A.N. Mukhamedzhanov A.A., Syrlybayeva N.Sh. Al-Farabi Kazakh National University
  • Petrova M.M.

Abstract

The article contains a cross-country analysis of the effectiveness of innovation based on information from the Global Innovation Index among the countries of the Eurasian Economic Union (EAEU). The authors are exploring the possibility of using the Global Innovation Index to form reasonable conclusions about the potential for economic growth at the macro level, to identify, evaluate and comparethe strengths and weaknesses of the progress in innovation and science and technology in the EAEUcountries, including Kazakhstan. During the evaluation, it turned out that countries such as Switzerland,Sweden, the Netherlands, United States and a number of others have the maximum efficiency in transforminginnovation resources into innovation results. From the analysis it follows that the Republic ofKazakhstan has the available resources of innovation not effectively used, at this stage the increase incosts in this area will not bring the desired result. From the analysis it follows that the problem in theEAEU countries is low demand for innovations and its inefficient structure: it is more profitable for enterprisesin the EAEU countries to purchase ready-made equipment abroad than to engage in their own innovativeactivities. A comparative analysis of the EAEU countries in the ranking of the Global InnovationIndex shows that the relatively high positions of Kazakhstan are ensured, first of all, by indicators of thedevelopment of institutions and infrastructure, with a significant lag in all measurements of the efficiencyof resource use of innovation.Key words: national innovation system, innovation, innovation activity, innovation potential, GlobalInnovation Index, Kazakhstan, EAEU.

Author Biographies

Kurmanov N.A., Toksanova A.N. Mukhamedzhanov A.A., Syrlybayeva N.Sh., Al-Farabi Kazakh National University
Kurmanov N.A.1, Toksanova A.N.2, Mukhamedzhanov A.A.3, Syrlybayeva N.Sh.4, 1PhD, professor, L.N. Gumilyov Eurasian National University, Kazakhstan, Astana, e-mail: kurmanov_na@enu.kz 2d.e.s., professor, Kazakh University of Economics, Finance and International Trade, Kazakhstan, Astana3PhD student, Innovative University of Eurasia, Kazakhstan, Pavlodar4c.e.s., associate professor, Al-Farabi Kazakh National University, Kazakhstan, Almaty
Petrova M.M.
PhD, professor, St.Cyril and St.Methodius University of Veliko Tarnovo, Bulgaria, Veliko Tarnovo
Published
2019-02-08
How to Cite
MUKHAMEDZHANOV A.A., SYRLYBAYEVA N.SH., Kurmanov N.A., Toksanova A.N.; M.M., Petrova. Analysis of efficiency of innovation activities in the countries of the Eurasian Economic Union. The Journal of Economic Research & Business Administration, [S.l.], v. 126, n. 4, p. 35-51, feb. 2019. ISSN 2617-7161. Available at: <http://be.kaznu.kz/index.php/math/article/view/2982>. Date accessed: 16 feb. 2019.