INSEAD, a leading graduate business school with three campuses on two continents, has released its Global Innovation Index 2011(GII 2011), ranking five EU countries and Switzerland among the top 10. Upon invitation of its developers, this year's GII was thoroughly assessed by JRC Institute for the Protection and the Security of the Citizen (IPSC). Its recommendations contributed to the fine tuning of the index.
The 2011 GII model includes 125 countries that represent 93.2% of the world's population and 98.0% of the world's GDP. The top 10 include Switzerland, Sweden, Singapore, Hong Kong (SAR, China), Finland, Denmark, the USA, Canada, the Netherlands, and the UK.
Most of the old EU member states (EU-15) are in the top 30 of the GII ranking. However, some of the new member states, namely Estonia (23rd), Hungary (25th), the Czech Republic (27th), Cyprus (28th), and Slovenia (30th) have improved their ranking and are now ahead of Spain (32nd), Portugal (33rd), Italy (35th), and Greece (63rd). All EU countries except Malta are represented in the ranking.
The 2011 GII is the simple average of two sub-indices, the Innovation Input Sub-Index (assessing Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication), and the Innovation Output Sub-Index (assessing actual evidence of innovation outputs, namely Scientific outputs and Creative outputs). The GII is described by 80 indicators of three different types: quantitative data (59 indicators), composite indicators (15 indicators), and survey data (6 indicators).
JRC scientists made recommendations to the GII developers related to the conceptual and statistical coherence of the GII, its structure, and the impact of key modelling assumptions on its scores and ranks. Overall, the JRC analysis suggests that the multi-level structure of the GII is statistically coherent, with a balanced structure which is not dominated by any pillar or sub-pillar. Country rankings are in most cases fairly robust according to methodological assumptions (estimation of missing data, weighting, and aggregation formula).
INSEAD: The Global Innovation Index 2011
More on JRC's activities in the field of composite indicators
Credit: © 2011 eLab, INSEAD
The 2011 GII model includes 125 countries that represent 93.2% of the world's population and 98.0% of the world's GDP. The top 10 include Switzerland, Sweden, Singapore, Hong Kong (SAR, China), Finland, Denmark, the USA, Canada, the Netherlands, and the UK.
Most of the old EU member states (EU-15) are in the top 30 of the GII ranking. However, some of the new member states, namely Estonia (23rd), Hungary (25th), the Czech Republic (27th), Cyprus (28th), and Slovenia (30th) have improved their ranking and are now ahead of Spain (32nd), Portugal (33rd), Italy (35th), and Greece (63rd). All EU countries except Malta are represented in the ranking.
The 2011 GII is the simple average of two sub-indices, the Innovation Input Sub-Index (assessing Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication), and the Innovation Output Sub-Index (assessing actual evidence of innovation outputs, namely Scientific outputs and Creative outputs). The GII is described by 80 indicators of three different types: quantitative data (59 indicators), composite indicators (15 indicators), and survey data (6 indicators).
JRC scientists made recommendations to the GII developers related to the conceptual and statistical coherence of the GII, its structure, and the impact of key modelling assumptions on its scores and ranks. Overall, the JRC analysis suggests that the multi-level structure of the GII is statistically coherent, with a balanced structure which is not dominated by any pillar or sub-pillar. Country rankings are in most cases fairly robust according to methodological assumptions (estimation of missing data, weighting, and aggregation formula).
Contacts and sources:
European Commission Joint Research CenterINSEAD: The Global Innovation Index 2011
More on JRC's activities in the field of composite indicators
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