A simple index of innovation with complexity
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Date
2016-01
Type:
Documento de trabajo
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21 pages
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School of Business and Economics, Universidad del Desarrollo
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Abstract
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 a bad indicator of a country’s innovative activity. I generate a very simple index of innovation that weights patents and exports by a complexity measure. Country rankings using this measure are consistent with market size, GDP per capita, and technological development of each country
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Keywords
Innovation, Mesure of innovation, Patenting, Technological development