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A simple index of innovation with complexity

Listed author(s):
  • Fernandez Donoso, Jose

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.

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File URL: http://www.sciencedirect.com/science/article/pii/S1751157716300050
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Article provided by Elsevier in its journal Journal of Informetrics.

Volume (Year): 11 (2017)
Issue (Month): 1 ()
Pages: 1-17

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Handle: RePEc:eee:infome:v:11:y:2017:i:1:p:1-17
DOI: 10.1016/j.joi.2016.10.009
Contact details of provider: Web page: http://www.elsevier.com/locate/joi

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