An Overview of Indicators Related to Innovation and Competitiveness

Abstract

In the 21st century, innovation is becoming one of the most important tools for sustainable economic development, providing a competitive advantage for economic organisations and contributing to the solution of social and environmental challenges. Innovation and competitiveness are closely linked. However, in this study, we did not attempt to provide a complete presentation of the two concepts, as a significant part of the literature analysis has already done so. Our study focuses on understanding the two concepts and making them "tangible" through literature and indicators. We have attempted to review the international innovation and competitiveness indicators created by various organisations. In our changing world, we need indicators that reveal the national and regional aspects of the innovation and competitiveness performance of nations and regions. We have presented this in a short study.