A New Proposal for Innovation Indicators: A Study of the World’s Largest Patent Producing Countries

Abstract

Innovation has become an eloquent topic among researchers and the market, but it is important to understand where we are innovating and at what costs and how efficiently this has been done. Promoting innovation performance index based on patent production, R&D investment and the number of researchers being a tool to assist managers in measuring how the resource is used. According to the analysis made using the countries in the list of the top 10(ten) patent applicants, we have identified that the first place is not the most efficient in employing researchers by a patent granted or in the efficiency of the resource employed vs. the granting of patents. This study shows that much of the resource that has been employed with researchers and research has a low return for the country. The money invested by Rep. Korea, showed the best efficiency in volume of researchers producing innovation, and China presents the best numbers in volume of production, and money by patent applied. Research has shown that eastern countries are at the forefront of researcher performance index and dressed in the production of a patent, bringing efficiency to the resources employed.