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The composite indicators used in assessing innovation at national level

Author

Listed:
  • Daniela HINCU

    () (The Bucharest Academy of Economic Studies, Romania)

  • Laurentiu Catalin FRATILA

    () (The Bucharest Academy of Economic Studies, Romania)

  • Robert SOVA

    () (The Bucharest Academy of Economic Studies, Romania)

Abstract

The purpose of present paper is to present some recent developments in constructing composite innovation (or even, science and technology S&T) indicators on a national level. Measuring innovation at the national level is crucial in developing appropriate long term strategies for economic growth, because it is widely believed technological innovation is one of the main drivers of sustained economic-social welfare, if not the single most important driver of economic growth. Our purpose is to present a mapping exercise of metrics – based on composite indicators - found in the STI literature, pointing out those used in practice, with a view to corresponding values in the case of Romania. It has become standard practice to combine several indicators for science, technology, and innovation to form composite numbers. Composite indicators are increasingly being used to make cross-national comparisons of country performance in specified areas such as competitiveness, globalisation, innovation, etc.

Suggested Citation

  • Daniela HINCU & Laurentiu Catalin FRATILA & Robert SOVA, 2010. "The composite indicators used in assessing innovation at national level," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(2), pages 521-531, December.
  • Handle: RePEc:rom:econmn:v:13:y:2010:i:2:p:521-531
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    More about this item

    Keywords

    Innovation; innovation metrics; Science and Technology indicators; composite indicators; National Innovation Systems; Scoreboards.;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling

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