It looks at new policy indicators for innovation, including tax incentives and policies for immigration, education and intellectual property.
To rank the countries, the study measured both innovation inputs and outputs. Innovation inputs included government and fiscal policy, education policy and the innovation environment. Outputs included patents, technology transfer, and other R&D results; business performance, such as labor productivity and total shareholder returns; and the impact of innovation on business migration and economic growth.
How to quantify it? Assign numbers to performance and factors that encourage it (policies mainly)
Yes, that's certainly what they said in the articles. That's not what I'm confused about. What I want to know is how they turned those into numbers.
For example, they said they "measured" innovation inputs and outputs. Innovation inputs include government policies. How do you "measure" those?
Forgive me, but this sounds like one of those miracle weight-loss drug commercials.