Innovation Union Scoreboard (IUS) Index assesses 27 European countries on how do they perform in innovation sphere and its subdivisions. By monitoring innovation progress across the EU27 member countries, as well as Iceland, Croatia, Norway, Serbia, Switzerland, Turkey and the Former Yugoslav Republic of Macedonia IUS attempts to build strong base to policy discussions and decisions at EU and national level. Measurement framework of IUS embraces in total 25 indicators serving as proxies for 8 innovation dimensions grouped into 3 pillars. Enablers pillar captures the main factors of innovation performance which are external to the company and cover three innovation dimensions: Human resources, Open, excellent and attractive research systems as well as Finance and support. Firm activities pillar captures the firm-level innovation efforts, grouped into the following innovation dimensions: Firm investments, Linkages & entrepreneurship and Intellectual assets. Outputs pillar covers the results of firms’ innovation efforts in two innovation dimensions: Innovators and Economic effects.
The overall ranking within the EU remained relatively stable, with Switzerland at the top, followed by Sweden, Denmark, Finland and Germany. Over the period 2001-2015, long-term innovation performance has had a clear upward trend for the EU as a whole, with highest positive growth for Latvia, Malta and Bulgaria and the most negative growth for Romania.
EU innovation performance has been increasing at an average annual rate of 0.6% between 2001 and 2015, but growth has not been equally strong across all dimensions and subdimensions. The largest growth is observed in Human resources (2.6%) and Research systems (1.7%). Growth in Intellectual assets and Innovators has been modest (1% and 0.5%, respectively). innovation performance in Finance and support demonstrates negative growth rate (-1.6%), caused by sharp decline in Venture capital investments (-5.7%). Moreover, negative growth occurs in Firm investments (-0.2%) and Linkages (-0.4%).
The Innovation Union Scoreboard places Member States into the four country groups: Innovation leaders, Innovation followers, Moderate innovators and Modest innovators. The Innovation Leaders have balanced innovation systems with strengths in all dimensions, chased by the Innovations followers, the Moderate Innovators and the Modest Innovators. Performance differences, however, can be insignificant between the different performance groups, in particular for Human resources, Research systems, Innovators, and Economic effects between the Innovation Leaders and Innovations followers, for Firm investments between the Innovations followers and Moderate Innovators, and for Human resources and Intellectual assets between the Moderate and Modest innovators.
IUS is one of the tools aimed at measuring of knowledge resources (or intellectual capital), which gain importance in the today's economy, across different countries. The other popular indices include Global Competitiveness Index, Knowledge Economy Index, Global Innovation Index.
Research and Development (R&D) is the field of statistics comprising data on science, technology and innovation. This data is of great significance in the modern economy as it helps to build broad and comprehensive vision of innovation activity that is acknowledged by the most of developed and developing countries as the key driver behind the economic growth and competitiveness. That is why, policymakers try to induce innovation activity by focusing on the role of technology, information and learning in economic performance or, in other words, introducing the concept known as...
After two consecutive years of 9%+ growth, global R&D spending returned to the long-term growth trend and grew at 5.8% in 2013 to the highest total ever, $638 billion The top three industries by R&D spending continue to be Computing & Electronics, Health, and Auto The Software & Internet, Health, and Auto sectors accounted for 74% of the overall growth in spending; Chemicals & Energy decreased its R&D expenditures Spending in North America grew at an above average rate of 8.6% while Europe grew at a below average rate of 4.5%; Japan reduced its R&D...
Every additional 10 million dollars (PPP) spent on research and development result in 2 patent applications per annum in average. The implication is based on the statistics on gross domestic R&D expenditures and number of patent applications to the EPO (European Patent Office) among European countries. Strong positive correlation between these two indicators shows that the more you spend on research and development the more considerable result you get. Thus, Germany, France, UK and Italy are leading countries both by R&D spending and number of patent applications. Moreover,...
The Global Competitiveness Index (GCI) is a global study on the basis of which ranking of countries in terms of economic competitiveness in the world is formed. The World Economic Forum defines competitiveness as the ability of the country and its institutions to ensure stable economic growth, which would be stable in the medium term. GCI is determined by numerous and very diverse factors which were divided into three subindexes: Basic requirements, Efficiency enhancers, Innovation and sophistication factors. The index is composed of 12 pillars of competitiveness. They are...
Our website uses cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your personal cookie settings through your internet browser settings.
Privacy Policy