Tools for Impact Measurement of University and Scientific Institution on Innovation Development

Nowadays innovations are very important for entrepreneurship and economic development. In turn, academic staff and students employed in universities and scientific institutions create the knowledge needed to develop innovation. Traditionally, new knowledge generated by universities and scientific institutions is offered to the general public in the form of scientific articles, monographs or patents. It is therefore important to clarify the efficiency of the involvement of academic staff and students in the production of scientific articles, monographs and patents. The above efficiency indicators can serve as tools for measuring the impact of universities and scientific institutions on innovation development. The object of the research is the formation of peer reviewed scientific articles not included in international databases WoS or SCOPUS at universities and scientific institutions in various scientific sectors. The subject of the research is the comparative analysis of the efficiency of formation of peer reviewed scientific articles not included in WoS and SCOPUS at universities and scientific institutions in various scientific sectors of Latvia. The objective of the research is the analysis of tools for impact measurement of universities and scientific institutions in various scientific sectors of Latvia on innovation development in the period from 2013 to 2018. The following tasks were determined to reach the objective: to study the formation of peer reviewed scientific articles not included in WoS or SCOPUS at universities and scientific institutions in various scientific sectors of Latvia; to identify the concept of the efficiency of peer reviewed scientific articles not included in WoS or SCOPUS formation in various scientific sectors; to carry out the tools for impact measurement of universities and scientific institutions on innovation development in various scientific sectors in Latvia. Research methods used in the paper are content analysis, economic analysis, and economic experiment.