Norway Global Innovation Index Stats
Definitions
- Efficiency Ratio: The ratio of an innovation output index to an innovation friendliness index. A high score means that the innovation friendliness translates optimally into actual innovation.
- Innovation Input: An index designed to capture the innovation friendliness of the environment. It is made up of several sub-indicators in the following categories: Institutions (political environment, regulatory environment, business environment); human capital and research (education, tertiary education, research / development); infrastructure (ICT, general infrastructure, ecological sustainability); market sophistication (credit, investment, trade & competition); business sophistication (knowledge workers, innovation linkages, knowledge absorption).
- Innovation Output: An index designed to capture innovation power. It is made up of several sub-indicators in the following categories: Technology outputs (knowledge creation, knowledge impact, knowledge diffusion); creative outputs (intangible assets, creative goods and services, online creativity).
- Overall score: An index designed to capture innovation friendliness. It is an average of two sub-indices: one looking at the innovation friendliness of the environment, the other at innovation outputs.
