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The Innovation Capacity Index: Factors, Policies, and Institutions Driving Country Innovation

In: The Innovation for Development Report 2009–2010

Author

Listed:
  • Augusto López-Claros
  • Yasmina N. Mata

Abstract

The relative importance of various drivers of economic growth and prosperity has evolved over time and, for a growing number of countries, innovation, in its many dimensions, is emerging now as a leading factor.1 This chapter discusses the role of innovation in enhancing the development process. In particular, it features the Innovation Capacity Index, a methodological tool that examines a broad array of factors, policies, and institutions that have a bearing on strengthening innovation in a large number of countries, including their institutional environment, their human capital endowment, the presence of social inclusion, the regulatory and legal framework, the infrastructure for research and development, and the adoption and use of information and communication technologies, among others. The primary aim is to offer a didactic tool for policy dialogue on various dimensions of innovation. As will be shown, the methodologies developed allow the formulation of policy prescriptions that are country-specific, based on a nation’s stage of development, and the nature of its political regime.

Suggested Citation

  • Augusto López-Claros & Yasmina N. Mata, 2010. "The Innovation Capacity Index: Factors, Policies, and Institutions Driving Country Innovation," Palgrave Macmillan Books, in: The Innovation for Development Report 2009–2010, chapter 0, pages 3-65, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28547-7_1
    DOI: 10.1057/9780230285477_1
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    Cited by:

    1. Dejene Mamo Bekana, 2021. "Innovation and Economic Growth in Sub-Saharan Africa: Why Institutions Matter? An Empirical Study Aross 37 Countries," Arthaniti: Journal of Economic Theory and Practice, , vol. 20(2), pages 161-200, December.
    2. Didenko Alexander & Egorova Tatiana, 2014. "Innovations as factor of absorptive capacity of fdi spillovers across regions of Russian Federation," Review of Business and Economics Studies, CyberLeninka;Федеральное государственное образовательное бюджетное учреждение высшего профессионального образования «Финансовый университет при Правительстве Российской Федерации» (Финансовый университет), issue 3, pages 75-85.
    3. Khedhaouria, Anis & Thurik, Roy, 2017. "Configurational conditions of national innovation capability: A fuzzy set analysis approach," Technological Forecasting and Social Change, Elsevier, vol. 120(C), pages 48-58.

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