Approach to the identification of an alternative technological innovation index (original) (raw)
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A New Index Measure of Technological Capabilities for Developing Countries
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Innovation has become an eloquent topic among researchers and the market, but it is important to understand where we are innovating and at what costs and how efficiently this has been done. Promoting innovation performance index based on patent production, R&D investment and the number of researchers being a tool to assist managers in measuring how the resource is used. According to the analysis made using the countries in the list of the top 10(ten) patent applicants, we have identified that the first place is not the most efficient in employing researchers by a patent granted or in the efficiency of the resource employed vs. the granting of patents. This study shows that much of the resource that has been employed with researchers and research has a low return for the country. The money invested by Rep. Korea, showed the best efficiency in volume of researchers producing innovation, and China presents the best numbers in volume of production, and money by patent applied. Research ...
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We develop a composite indicator measuring the performance of national innovation systems. The indicator takes into account both "hard" factors that are quantifiable (such as R&D spending, number of patents) and "soft" factors like the assessment of preconditions for innovation by managers. We apply the methodology to a set of 17 industrialized countries on a yearly basis between 2007 and 2009. The indicator combines results from public opinion surveys on the process of change, social capital, trust and science and technology to achieve an assessment of a country's social climate for innovation. After calculating and ranking the innovation indictor scores for the 17 countries, we group them into three classes: innovation leader, middle group and end section. Using multiple sensitivity analysis approaches, we show that the indicator reacts robustly to different weights within these country groups. While leading countries like Switzerland, the USA and the Nordic countries have an innovation system with high scores and ranks in every sub indicator, the middle group consisting among others of Germany Japan, the UK and France, can be characterized by higher variation within ranks. In the end section, countries like Italy and Spain have bad scores for almost all indicators.
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