Radosevic, S;
(2020)
Benchmarking innovation policy in catching up and emerging economies: methodology for innovation policy index.
(UCL Centre for Comparative Studies of Emerging Economies Working Papers Series
2020/1).
UCL Centre for Comparative Studies of Emerging Economies: London, UK.
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Abstract
The working paper develops a methodology for a benchmarking innovation policy in emerging and catching up economies. The methodology takes the form of an index which defines innovation policy as a set of policy measures (financial, regulatory, informational) to support not only the generation and diffusion of new products, processes or services but also diffusion, demand, absorptive capacity and linkages (domestic and international) in the innovation system. This broader view of innovation policy is appropriate for emerging and catching-up economies whose drivers of growth include more than R&D based innovation. The Innovation Policy Index (IPI) is designed as both a monitoring tool and an instrument to facilitate policy dialogue, programme coordination and promotion of good innovation policy practice. The IPI includes several policy pillars comprised of numerous dimensions, each of which includes indicators with six levels of performance. The four principal pillars of the IPI are: innovation governance structure, innovation policy instruments, innovation policy processes and institutional capacity for innovation policy. These four pillars cover 18 dimensions with one or more qualitative indicators, ranked according to six categories or performance levels The index can be used as self-assessment tool by national stakeholders and/or as a tool for international peer assessment. The design of the IPI is participatory and allows a fair evaluation of policy implementation via an independent peer-review process. The IPI is calculated as the average of the innovation governance structure, instruments, process and institutional capacities scores.
| Type: | Working / discussion paper |
|---|---|
| Title: | Benchmarking innovation policy in catching up and emerging economies: methodology for innovation policy index |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://www.ucl.ac.uk/ssees/comparative-studies-em... |
| Language: | English |
| Keywords: | innovation policy, industrial policy, emerging economies, policy mix, innovation governance |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10098709 |
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