A simple index of innovation with complexity
Date
2017
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Article
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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 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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Citation
ose Fernandez Donoso, A simple index of innovation with complexity, Journal of Informetrics, Volume 11, Issue 1, 2017, Pages 1-17,
Keywords
Innovation, Innovation Output, Intellectual Property, Patents, Complexity Technology