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On The Methodology For Quantifying Innovations

Author

Listed:
  • BALKRISHNA C. RAO

    (Department of Engineering Design, Indian Institute of Technology Madras, Chennai 600036, India)

Abstract

Human ingenuity will play an ever-important role in this century and into the foreseeable future. This is because of phenomena such as globalization and climate-change that stress the need for more innovative output from developed countries. Such a picture has made it necessary to develop reliable models for quantifying innovations. The huge momentum behind the need for quantifying innovations is brought out by the research efforts of the Organization for Economic Cooperation and Development (OECD) and the United-States (US) government, which are at the forefront of the modeling activities required for this task. This effort describes some approaches, and the resulting models, for scoring individual innovations. Most of these approaches quantify innovations by considering their ensuing societal impact. In the course of this process, numerous variables have been identified that might have a significant influence from a scoring perspective. This work is the first portion of a research effort that addresses the theoretical background needed for quantifying innovations. The empirical results will follow up in a later work.

Suggested Citation

  • Balkrishna C. Rao, 2010. "On The Methodology For Quantifying Innovations," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 14(05), pages 823-839.
    • Handle: RePEc:wsi:ijimxx:v:14:y:2010:i:05:n:s1363919610002891
    DOI: 10.1142/S1363919610002891
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    Citations

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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. Andres, Antonio Rodriguez & Otero, Abraham & Amavilah, Voxi Heinrich, 2021. "Using Deep Learning Neural Networks to Predict the Knowledge Economy Index for Developing and Emerging Economies," MPRA Paper 109137, University Library of Munich, Germany.
    3. 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.

    More about this item

    Keywords

    Globalization; global warming; GDI; patent; measure; innovation; score; O14; O31; O47;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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