New Creative Productivity Index to help foster innovation in Asia

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A new Creative Productivity Index developed by the Asian Development Bank and Economist Intelligence Unit ranks 22 countries in the Asia and Pacific region according to how efficiently they can turn creative inputs into tangible innovation. The index uses 36 input indicators to measure the capacity and incentives for innovation, including how many global top 500 universities a country has, the urbanization rate, spending on research and development, protection of intellectual property rights, and corruption and bureaucracy. The eight output indicators to measure innovation include the number of patents filed, export sophistication, value added to agriculture, and the number of books and films produced.

Read the Asian Development Bank news release. See an infographic of country rankings.

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