Article
A simple index of innovation with complexity
Fecha
2017Registro en:
ose Fernandez Donoso, A simple index of innovation with complexity, Journal of Informetrics, Volume 11, Issue 1, 2017, Pages 1-17,
Autor
Fernandez Donoso, José
Institución
Resumen
Patents are the main source of data on innovation. Since most of the innovative activity happens outside of the patenting system, and since patents −and innovations- have different quality, complexity, and impact on each market, unweighted sums of patents and proxies are an imperfect indicator of a country’s innovative activity. I generate two very simple indices of innovation (one dependent on the size of a country, and another that normalizes country-size), based on weighting patents and exports by a complexity measure. Each index captures the technological complexity of innovations inside and outside the intellectual property rights system. I empirically analyze the rankings of these innovation indices, and contrast the results with technological development, GDP, and the existing mainstream innovation index