Measuring Innovation Capability on National Level: Challenges and Solutions
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Keywords:
Innovation Capability, National Level, Measuring, R&D, Human Capital, Infrastructure, Challenges, SolutionsAbstract
This paper examines the challenges of measuring national innovation capability, focusing on
infrastructure, human capital, and research and development (R&D). While infrastructure supports
innovation, assessing human capital is difficult due to its intangible nature, and R&D's impact is hard to
quantify. Current indices like the Global Innovation Index fail to capture the full complexity of innovation
capability. A key challenge is the lack of research on the conditions that foster innovation, as well as the
influence of cultural differences. The paper proposes a more nuanced approach to measurement, combining
quantitative and qualitative data to address these complexities and offer practical solutions for improving
innovation measurement and policy.
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