What is the index of leading economic indicators

what is the index of leading economic indicators


Global Innovation Index 2015

The Global Innovation Index (GII) aims to capture the multi-dimensional facets of innovation and provide the tools that can assist in tailoring policies to promote long-term output growth, improved productivity, and job growth. The GII helps to create an environment in which innovation factors are continually evaluated. It provides a key tool and a rich database of detailed metrics for 141 economies this year, which represent 95.1% of the world’s population and 98.6% of global GDP.

2015 Launch: London, United Kingdom

With the support of the Government of the United Kingdom, the GII 2015 will be launched on 17 September 2015 in London, United Kingdom. The launch will be hosted by Francis Gurry, Director General of the World Intellectual Property Organization, and Baroness Neville-Rolfe, UK Minister for Intellectual Property. The presentation of the 2015 results and a discussion with a panel of renowned experts on “Empowering the innovation economy for growth and development” will take place at Central Hall Westminster at 10.00am BST. For more information, email thomas.walkden@ipo.gov.uk .

2015 Theme: Effective Innovation Policies for Development

The GII 2015 looks at “Effective Innovation Policies for Development” and shows new ways that emerging economy policymakers can boost innovation and spur growth by building on local strengths in traditional sectors and ensuring the development of a sound innovation environment. The analysis in this year’s edition identifies economies that outperform on an annual basis against countries with a similar level of development, both on the general innovation level as well as on the level of particular innovation inputs or outputs.

About the Global Innovation Index

The core of the GII Report consists of a ranking of world economies’ innovation capabilities and results. Over the

last eight years, the GII has established itself as a leading reference on innovation. Understanding in more detail the human aspects behind innovation is essential for the design of policies that help promote economic development and richer innovation-prone environments locally. Recognizing the key role of innovation as a driver of economic growth and prosperity, and the need for a broad horizontal vision of innovation applicable to developed and emerging economies, the GII includes indicators that go beyond the traditional measures of innovation such as the level of research and development.

Knowledge Partners

Knowledge Partners believe in the role of innovation in increasing the competitiveness of nations, enabling economic growth, driving societal changes and building the foundation of a country’s future.

They are committed to producing a valuable and non-partisan resource. Knowledge Partners support the elaboration of the GII; contribute analytical chapters or case studies to the GII Report; and participate in the discussion and dissemination of the GII results.

Global Innovation Index Conceptual Framework

The Global Innovation Index GII) relies on two sub-indices, the Innovation Input Sub-Index and the Innovation Output Sub-Index, each built around pillars.

Five input pillars capture elements of the national economy that enable innovative activities: (1) Institutions, (2) Human capital and research, (3) Infrastructure, (4) Market sophistication, and (5) Business sophistication. Two output pillars capture actual evidence of innovation outputs: (6) Knowledge and technology outputs and (7) Creative outputs.

Each pillar is divided into sub-pillars and each sub-pillar is composed of individual indicators (81 in total). Sub-pillar scores are calculated as the weighted average of individual indicators; pillar scores are calculated as the weighted average of sub-pillar scores.

The framework is revised every year in a transparent exercise to improve the way innovation is measured.

Source: www.globalinnovationindex.org

Category: Forex

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