Abstract:

In this article, the innovation performances of BRICS-T countries Brazil, Russia, India, China, South Africa and Turkey are evaluated as an alternative to the Global Innovation Index (GII). GII is published by the European Business School (INSEAD) and the United Nations agency, the World Intellectual Property Organization (WIPO). The GII supports the idea that economic development cannot occur without innovation. GII is calculated for 132 countries every year and is an important reference for innovation evaluations of countries. GII calculates innovation throug hthe aritmetic mean of two components called innovation input sub-index and innovation output sub-index. Therefore the weights for the corresponding sub-indices are neglected. From this point on, in this study, the criteria, institutions, human capital and research, infrastructure, market development, business development, information and technology outputs, creative outputs, each of which has three sub-components are taken into account. The weights of the corresponding criteria are determined by the MEREC method. The performances of the alternatives BRICS-T countries are obtained by the MARCOS method. The method's findings indicate that the factors that are most crucial are investments, research and development (R&D), and online creativity, while the factors that are least crucial are the political environment, information and communication technologies, and links between innovations. China and India are the nations with the best innovation performance, while Brazil and South Africa are the nations with the worst innovation performance. Turkey was the fourth-best performing BRICS-T nation in terms of innovation. This study differs from other studies in that it uses the CRITIC-MARCOS integrated method of innovation performance for the first time in the literature and uses 2022 data, which is the most recent data available as innovation performance.

Keywords: