African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4193

Full Length Research Paper

Empirical analysis of technological innovation capacity and competitiveness in EU-15 countries

  Nuria Bajo Davó1*, Mónica García-Ochoa Mayor2 and María  Luisa Blázquez de la Hera3      
  1Autónoma University of Madrid, Department of Finance, c/Francisco Tomás y Valiente, 5. Carretera de Colmenar Viejo Km 15, 5. 28049 Cantoblanco, Madrid, Spain. 2Complutense University of Madrid, Department of Business Administration, Campus de Somosaguas (Pabellón de Tercero), Pozuelo de Alarcón, 28223 Madrid, Spain. 3IESE Business School, International Center for Competitiveness, Camino del Cerro del Aguila 3, 28023 Madrid, Spain.  
Email: [email protected]

  •  Accepted: 19 April 2011
  •  Published: 31 July 2011

Abstract

 

This paper carries out an analysis of the existence and characteristics of technology innovation clusters in EU-15 countries, also studying if belonging to a group or cluster explains differences in competitiveness among countries. Based on the main Science and Technology Indicators 2009 published by Eurostat (European Commission, 2009a) in addition to competitiveness indicators used by the European Commission (2009b), the World Economic Forum (2009) and IMD (2008), an empirical study has been conducted- using a cluster analysis – about the technological innovation and competitiveness variables for each country during the period 1998 to 2008. The results indicate the existence of five distinct groups of countries characterized by different levels of technological innovation and competitiveness. 

 

Key words: Technological innovation, competitiveness, cluster analysis, EU-15.