A Conceptual Framework for Formalization of National Innovation Systems

The concept of National Innovation System (NIS) is explored from the perspective of its propensity for formalization. It is observed that there are problems with formalization (measurement) of NIS and consequently, deficiency in assessment of efficiency of pro-innovative ventures. Based on an overview of the literature, subsystems of NIS are identified and the leading topics within these subsystems are presented. Results of this study are believed to create the platform for formalization of NIS.