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How to Measure Innovation

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  • Balkrishna Rao

Abstract

Innovation will have an increasingly important place in the future prosperity of the world. But can we develop reliable models for quantifying innovations that enhance social capital? This piece describes the work of one economist who has developed a technically demanding but fascinating methodology to help evaluate a nation's quality and quantity of innovation. Such measures are often technically elaborate, but it is important to present high-quality technical attempts at dealing with difficult but important subjects.

Suggested Citation

  • Balkrishna Rao, 2010. "How to Measure Innovation," Challenge, Taylor & Francis Journals, vol. 53(1), pages 109-125.
    • Handle: RePEc:mes:challe:v:53:y:2010:i:1:p:109-125
    DOI: 10.2753/0577-5132530105
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    References listed on IDEAS

    as
    1. Balkrishna Rao & Shrikanth Rao & Anantha Sundararajan, 2008. "Trading of Innovations to Combat Globalization," Economics Bulletin, AccessEcon, vol. 28(2), pages 1.
    2. Michael McAleer & Daniel Slottje, 2005. "A new measure of innovation: The patent success ratio," Scientometrics, Springer;Akadémiai Kiadó, vol. 63(3), pages 421-429, June.
    3. repec:ebl:ecbull:v:28:y:2008:i:2:p:a0 is not listed on IDEAS
    4. Balkrishna Rao & Anantha Sundararajan & Shrikanth Rao, 2008. "Trading of Innovations to Combat Globalization and Climate Change," Challenge, Taylor & Francis Journals, vol. 51(5), pages 70-83.
    5. Riitta Katila, 2000. "Using patent data to measure innovation performance," International Journal of Business Performance Management, Inderscience Enterprises Ltd, vol. 2(1/2/3), pages 180-193.
    6. Jean O. Lanjouw & Mark Schankerman, 2004. "Patent Quality and Research Productivity: Measuring Innovation with Multiple Indicators," Economic Journal, Royal Economic Society, vol. 114(495), pages 441-465, April.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Nunzia Carbonara & Roberta Pellegrino, 2020. "The role of public private partnerships in fostering innovation," Construction Management and Economics, Taylor & Francis Journals, vol. 38(2), pages 140-156, February.
    2. José Giménez & Antonia Madrid-Guijarro & Antonio Duréndez, 2019. "Competitive Capabilities for the Innovation and Performance of Spanish Construction Companies," Sustainability, MDPI, vol. 11(19), pages 1-24, October.

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