Digitalization and innovation: a regional perspective on their interaction

Autor: Monica-Mihaela MAER MATEI, Andreea-Monica MUNTEANU
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: Theoretical and Applied Economics, Vol XXXI, Iss 4, Pp 5-16 (2024)
Druh dokumentu: article
ISSN: 1841-8678
1844-0029
Popis: Digitalization influences innovation in both positive and negative ways. It can create new opportunities for companies to develop solutions, but it also poses challenges, such as security concerns and the digital divide. This study analyses the correlation using regional data from the Regional Innovation Scoreboard, the most comprehensive innovation measurement tool. Our findings are based on results from canonical correlation analysis and correspondence analysis. We have identified a direct correlation between the two canonical dimensions, which may be weakened by significant regional diversity. The findings show that lower digitalization levels are linked to reduced innovation performance, while the most innovative regions tend to be highly digitalized.
Databáze: Directory of Open Access Journals