Global Innovation Index 2014
Global Innovation Index 2014
Cornell University, INSEAD and the World Intellectual Property Organization (WIPO) have just published the seventh edition of the "Global Innovation Index" study.
Innovation is a critical determinant of economic growth in the long term and relevant indicators are needed to assess the capacity for innovation and innovation policies implemented by public authorities. This study goes further than the indicators traditionally used to measure R & D and innovation (e.g. expenditure on R & D, the number of scientific publications, etc.) and thus focuses more on the interaction between the various agents within the innovation system (companies, public sector, higher education and society).
Subsequently, the study summarises the performance measured across various composite indices, the Global Innovation Index (GII). The GII composite index, which gives a score between 0 for the worst performance and 100 for the best performance, is calculated based on two sub-indicators: inputs (institutions, human resources and research, infrastructure, market sophistication and sophistication of the business environment) and outputs (knowledge and technology, creativity) of the innovation system. The study includes 143 countries and is based on a total of 81 core indicators.
The global GII ranking of this 2014 edition is headed by Switzerland (score 64.78 out of 100), followed by the United Kingdom and Sweden. With a score of 56.86, Luxembourg ranks 9th for 2014 worldwide (12th in the previous edition) and ahead of its neighbouring countries: Germany ranks 13th (56.02), France 22nd (52.18) and Belgium 23rd (51.69). The Netherlands is ranked in 5th place (60.59).
In the two GII sub-indicators, the performance of Luxembourg is:
• With a score of 58.78 out of 100, Luxembourg ranks 21st in the world for the category of inputs (institutions: 20th, human resources and research: 27th, infrastructure: 22nd, market sophistication: 59th; sophistication of the business environment: 2nd). Luxembourg is overtaken for this sub-indicator by the Netherlands, Germany and France but is ahead of Belgium.
• With a score of 54.94 out of 100, Luxembourg ranks fifth in the world for the category of outputs (knowledge and technology: 16th; creativity: 3rd). Luxembourg is overtaken by the Netherlands, but is ahead of Germany, Belgium and France.
To conclude, the authors of the study had the following observations concerning Luxembourg:
“Luxembourg is ranked 9th in 2014 (up three places from 2013), the first time it has made its way into the top 10, with a strong performance in outputs (5th) and innovation efficiency (9th). Its pillar rankings of 2nd in Business sophistication (7th in 2013) and 16th in Knowledge and technology outputs (43rd in 2013) played a major role in achieving its place in the top 10. Its biggest strengths lie in the creative outputs pillar, where it ranks 1st in four indicators: Madrid system trademark applications, cultural and creative services exports, national feature films produced, and generic top-level domains. Luxembourg’s weaknesses remain in the cost of redundancy dismissal, tertiary enrolment, average QS university ranking top 3, ease of getting credit, ease of protecting investors, total value of stocks traded, market access to foreign markets for non-agricultural exports, high-tech imports less re-imports, growth rate of GDP per worker, and high- and medium-high-tech manufactures.”
Access the full report here.
