Table 2. Pearson correlation coefficient...

Table 2.

Pearson correlation coefficient results for each sub-pillar inside innovation indicators

Sub-pillar	Indicator 1 – institutions	Indicator 2 – human capital and research	Indicator 3 – infrastructure	Indicator 4 – market sophistication	Indicator 5 – business sophistication	Indicator 6 – knowledge and technology outputs	Indicator 7 – creative outputs
Input
Political environment	0.94	0.77	0.84	0.7	0.74	0.69	0.8
Regulatory environment	0.92	0.63	0.67	0.58	0.65	0.6	0.67
Business environment	0.9	0.71	0.75	0.68	0.62	0.68	0.71
Education	0.52	0.75	0.54	0.4	0.48	0.51	0.52
Tertiary education	0.65	0.79	0.75	0.57	0.46	0.52	0.57
Research and development (R&D)	0.69	0.89	0.77	0.78	0.81	0.84	0.74
Information and communication technologies (ICTs)	0.77	0.83	0.94	0.7	0.64	0.69	0.76
General infrastructure	0.62	0.62	0.74	0.55	0.58	0.56	0.54
Ecological sustainability	0.62	0.6	0.74	0.52	0.51	0.52	0.63
Credit	0.65	0.6	0.58	0.85	0.59	0.52	0.57
Investment	0.48	0.5	0.42	0.76	0.52	0.49	0.4
Trade, competition and market scale	0.51	0.66	0.71	0.71	0.5	0.64	0.6
Knowledge workers	0.63	0.8	0.68	0.67	0.85	0.73	0.67
Innovation linkages	0.53	0.4	0.42	0.43	0.72	0.49	0.49
Knowledge absorption	0.6	0.56	0.56	0.54	0.82	0.71	0.59
Output
Knowledge creation	0.63	0.79	0.63	0.66	0.75	0.88	0.77
Knowledge impact	0.51	0.51	0.56	0.44	0.5	0.73	0.59
Knowledge diffusion	0.52	0.54	0.51	0.52	0.64	0.73	0.5
Intangible assets	0.62	0.61	0.67	0.54	0.56	0.65	0.89
Creative goods and services	0.67	0.63	0.64	0.54	0.61	0.69	0.84
Online creativity	0.81	0.78	0.77	0.67	0.76	0.77	0.88

Sub-pillar	Indicator 1 – institutions	Indicator 2 – human capital and research	Indicator 3 – infrastructure	Indicator 4 – market sophistication	Indicator 5 – business sophistication	Indicator 6 – knowledge and technology outputs	Indicator 7 – creative outputs
Input
Political environment	0.94	0.77	0.84	0.7	0.74	0.69	0.8
Regulatory environment	0.92	0.63	0.67	0.58	0.65	0.6	0.67
Business environment	0.9	0.71	0.75	0.68	0.62	0.68	0.71
Education	0.52	0.75	0.54	0.4	0.48	0.51	0.52
Tertiary education	0.65	0.79	0.75	0.57	0.46	0.52	0.57
Research and development (R&D)	0.69	0.89	0.77	0.78	0.81	0.84	0.74
Information and communication technologies (ICTs)	0.77	0.83	0.94	0.7	0.64	0.69	0.76
General infrastructure	0.62	0.62	0.74	0.55	0.58	0.56	0.54
Ecological sustainability	0.62	0.6	0.74	0.52	0.51	0.52	0.63
Credit	0.65	0.6	0.58	0.85	0.59	0.52	0.57
Investment	0.48	0.5	0.42	0.76	0.52	0.49	0.4
Trade, competition and market scale	0.51	0.66	0.71	0.71	0.5	0.64	0.6
Knowledge workers	0.63	0.8	0.68	0.67	0.85	0.73	0.67
Innovation linkages	0.53	0.4	0.42	0.43	0.72	0.49	0.49
Knowledge absorption	0.6	0.56	0.56	0.54	0.82	0.71	0.59
Output
Knowledge creation	0.63	0.79	0.63	0.66	0.75	0.88	0.77
Knowledge impact	0.51	0.51	0.56	0.44	0.5	0.73	0.59
Knowledge diffusion	0.52	0.54	0.51	0.52	0.64	0.73	0.5
Intangible assets	0.62	0.61	0.67	0.54	0.56	0.65	0.89
Creative goods and services	0.67	0.63	0.64	0.54	0.61	0.69	0.84
Online creativity	0.81	0.78	0.77	0.67	0.76	0.77	0.88

Source: Cornell University, INSEAD and WIPO (2016)

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