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Analysis of the Feasibility and Reliability of Models Measuring National Innovative Capability: with a Focus on the IUS of the EU  

Um, Ik-Cheon (한국과학기술기획평가원)
Cho, Joo-Yeon (한국전통문화대학교 문화재관리학과)
Kim, Dae-In (기초과학연구원)
Publication Information
Journal of Korea Technology Innovation Society / v.17, no.1, 2014 , pp. 45-67 More about this Journal
Abstract
National Innovative Capability (NIC) is an important decisive factor where economic growth is concerned. As such, it is very important to measure and manage NIC. The composite index approach is one of the widely used approaches to measuring NIC, but there have been insufficient reviews of its feasibility and reliability. This paper conducted an analysis of the feasibility and reliability of the report on the last three years (i.e. 2011 through 2013) of the Innovation Union Scoreboard (IUS) of the EU, which is the most representative means of measuring NIC. It turned out that its reliability meets the recommended criteria as a result of Chronbach's alpha-based test of the models of IUS-related composite index. However, neither the absolute fit index nor the incremental fit index was found to meet the recommended criteria in a construct validity analysis. It also turned out that predictive validity is very low as a result of panel linear regression analysis of sectors and items of IUS-related composite index. This paper presents a number of considerations to be made when measuring national innovative capability using the composite index approach, as well as major policy suggestions based on the results of the analysis.
Keywords
National innovative capability; Composite indicator; Feasibility and reliability of models;
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