Beschreibung:
<jats:p>First of all, the paper offers a theoretical explication of the importance of
economic innovation for a country?s economic development. It further
considers the metrics of the Global Innovation Index. By means of a box-plot
diagram, the article explores the link between basic innovation performances
(Global Innovation Index, Index Innovation Input and Index Innovation output)
of the six Western Balkan countries (Albania, Bosnia and Herzegovina,
Macedonia, Serbia, Croatia and Montenegro) and a group of six selected
European Union economies in the neighbourhood (Austria, Greece, Bulgaria,
Romania, Hungary and Slovenia). The aim is to identify the existence of
extreme values between the data that reveal the key innovation performance of
the two groups including the description of the basic characteristics of the
performances which have been examined.</jats:p>