The most important effect of globalization on national economies is that it has carried the competition to the international arena. Today, innovations are considered as the most important element of economic growth, competitive advantage and the social welfare. There are many empirical studies in the literature on the positive impact of innovation on economic growth. However, measuring innovation is an important requirement for effective management of innovation. Because if you cannot measure, which is the rule in management science, you cannot manage the pattern, it is also valid for innovation and innovation management. Studies are carried out on new measurement methods for the analysis of innovation performance especially for countries. In this study, the effect of innovation on economic growth has been handled within the framework of economic theories, and generally accepted innovation measurement methods have been examined.
Economic Growth, Innovation, Measurement of Innovation