Validation of the Innovation Radar assessment framework

Vincent Van Roy and Daniel Nepelski

No JRC110926, JRC Research Reports from Joint Research Centre

Abstract: In this report we provide an assessment of the statistical methodology behind the Innovation Radar. In particular we analyse to what extent the Innovation potential index and the Innovator capacity index are analytically and statistically sound and transparent. The aim of this report is to evaluate to what extent variables that have been included in these composite indicators make sense from a statistical point of view. Overall, the Innovation potential index is found to be statistically sound with particularly room for improvement of the market potential dimension. The Innovator capacity index is conceptually sound but can be improved statistically.

Keywords: Financial and economic analysis; Composite indicators; ICT R & D and Innovation; Industrial research and innovation; Research and innovation policies; Digital Economy (search for similar items in EconPapers)
Pages: 66 pages
Date: 2018-03
New Economics Papers: this item is included in nep-sbm
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc110926

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