Overview of Innovation index

 

Performance
Knowledge Competitiveness Wealth
Process Innovation Exports-based evidence Direct outcomes from innovation
Product Innovation Non-technological innovations Indicators of economic development
Scientific Publications   Indicators of social inclusion

Enablers I: Institutions

Definition

A country's regulatory and political environment focusing specifically on institutions that matter for innovation.

Objective of the Pillar

We assess the role of public support for innovation and collect a set of institutional variables to capture political stability and the state of democratization as well as the conditions for private businesses. Our specific focus on Latin America consists in evaluating political stability and democracy as well as the role of public institutions for innovation – the former facts are often taken for granted in most OECD economies.

Sub-Categories

  1. Political stability and measure of democracy (crucial for discussion of LAC versus OECD)
  2. Conditions for private businesses provided by public institutions (crucial for discussion of LAC versus OECD)
  3. Innovation and public institutions

1. Political stability and measure of democracy
Name Definition Source
Voice & Accountability This is a composite indicator that comprises a number of individual indicators measuring various aspects of the political process, civil liberities and political rights. WB, Governance Indicators
Political Stability This index combines several indicators which measure perceptions of the likelihood that the government in power will be destablized or overthrown by possibly unconstitutional means and/or violent means. WB, Governance Indicators
Government Effectiveness This indicator combines into one grouping perceptions of the quality of public service provision, the quality of the bureaucracy, the competence of civial servants, the independence of the civil service from political pressures, and the credibiltiy of the government's commitment to policies. WB, Governance Indicators
Control of Corruption The indicator measures the extent to which public power is exercised for private gain, including petty and grand forms of corruption, as well as “capture” of the state by elites and private interests. WB, Governance Indicators

2. Conditions for private businesses provided by public institutions
Name Definition Source
Starting a business - Time (days) The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure. WB, Ease of Doing Business Report
Dealing with licences - Time (days) The measure captures the median duration that local experts indicate is necessary to complete a procedure. WB, Ease of Doing Business Report
Exectutive opinion on the burden of government regulation Complying with administrative requirements (permits, regulations, reporting) issued by the government in your country is 1: Burdensome, 7: Not burdensome WEF, Executive Opinion Survey
Rule of Law The indicator measures the extent to which agents have confidence in and abide by the rules of society, in particular the quality of contract enforcement, the police, and the courts, as well as the likelihood of crime and violence. WB, Governance Indicators
Regulatory Quality This indicator measures the incidence of market-unfriendly policies such as price controls or inadequate bank supervision, as well as perceptions of the burdens imposed by excessive regulation in areas such as foreign trade and business development. WB, Governance Indicators