Exploring The Innovativeness Of The South Caucasus Economies: Main Trends And Factors

The main purpose of the present research is to establish an exploratory picture innovativeness in Armenia, Azerbaijan, and Georgia. trends key determinants South Caucasus have rarely been investigated mainstream economic research. However, a rapidly developing post-Soviet region, it geographically strategic for several players global economy, including China European Union (EU). In fact, role international agreements growing due increased partnerships between Eastern Western countries. Thus, region’s current future will determine its integration into value chains (GVCs). This study employs figure analysis examine compare individual countries region as whole against relevant institutional indicators discussed literature. Using scatter plots, polynomial trendline approach allowed data be divided more meaningful periods better understand peaks dips national association with selected Caucasus. Overall, results show that growth freedom play important Caucasus, while factors mixed picture. More specifically, overall was positively correlated rule law property rights certain extent, but this not consistent. addition, Armenia Georgia experienced higher 2011 2020, weaker Azerbaijan. paper’s may help conceptualize their terms variables. Moreover, sophisticated quantitative techniques econometric models applied