ASSESSMENT OF NATIONAL INNOVATION PERFORMANCE OF THE BALTIC COUNTRIES

This paper’s aim is to assess national innovation performance of Baltic countries (Lithuania, Latviaand Estonia) based on European innovation scoreboard results. The paper leans on the performance oneach indicator and analyses the main factors behind the development in innovation performances in eachcountry. The main underline of the paper is to explore the main factors which have been developed afterbeing member of the European Union. The results of the paper indicates the inability achieve the standardof human capital, the impact of small economy. Estonia has higher innovation performance among otherBaltic states; successful attraction of the foreign investment can be seen as the main cause. Furthermore, thepositive relation with Nordic states and favorable tax policy in notable force for higher innovation performancein Estonia.