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Measuring and Accounting for Innovation in the Twenty-First Century

Measuring and Accounting for Innovation in the Twenty-First Century
Author: Carol Corrado
Publisher: University of Chicago Press
Total Pages: 603
Release: 2021-05-18
Genre: Business & Economics
ISBN: 022672820X

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Measuring innovation is a challenging task, both for researchers and for national statisticians, and it is increasingly important in light of the ongoing digital revolution. National accounts and many other economic statistics were designed before the emergence of the digital economy and the growth in importance of intangible capital. They do not yet fully capture the wide range of innovative activity that is observed in modern economies. This volume examines how to measure innovation, track its effects on economic activity and on prices, and understand how it has changed the structure of production processes, labor markets, and organizational form and operation in business. The contributors explore new approaches to and data sources for measurement, such as collecting data for a particular innovation as opposed to a firm and using trademarks for tracking innovation. They also consider the connections between university-based R&D and business start-ups and the potential impacts of innovation on income distribution. The research suggests strategies for expanding current measurement frameworks to better capture innovative activity, including developing more detailed tracking of global value chains to identify innovation across time and space and expanding the measurement of innovation’s impacts on GDP in fields such as consumer content delivery and cloud computing.


Handbook of Innovation Indicators and Measurement

Handbook of Innovation Indicators and Measurement
Author: Fred Gault
Publisher: Edward Elgar Publishing
Total Pages: 0
Release: 2023-09-05
Genre:
ISBN: 9781800883017

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Providing nuanced insight into key areas of innovation studies, this erudite second edition acknowledges the significance of innovation within the informal economy. It contributes to the broader scholarly discourse on innovation indicators and measurement, exploring the nature and rate of recent developments within the field. The Handbook of Innovation Indicators and Measurement showcases recent advancements within the field of innovation and provides an expansive commentary on contemporary issues such as the effect of the general definition of innovation on zero price products. Updated chapters emphasise rapid changes brought about by digital developments and provide a further examination of the influence of people on social and frugal innovation. This essential second edition will be valuable for university lecturers and academics of economics, public policy and innovation aspiring to update their course content. It will additionally be beneficial for those working in government departments pursuing more effective policy intervention.


Measuring Innovation Everywhere

Measuring Innovation Everywhere
Author: Fred Gault
Publisher: Edward Elgar Publishing
Total Pages: 147
Release: 2020-07-31
Genre: Business & Economics
ISBN: 1789904560

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This book is about measuring innovation, not just in the business sector but in every sector of the economy, using, for the first time, an internationally agreed general definition of innovation. The resulting indicators can be used to inform policy development, and offer a better understanding of the impact of the innovation policy of governments, the strategy of businesses and the practice of households, in a more digital economy. Innovation is a systems phenomenon and systems provide a structure throughout the book.


Advancing Concepts and Models for Measuring Innovation

Advancing Concepts and Models for Measuring Innovation
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
Total Pages: 139
Release: 2017-01-17
Genre: Social Science
ISBN: 0309449545

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Because of the role of innovation as a driver of economic productivity and growth and as a mechanism for improving people's well-being in other ways, understanding the nature,determinants, and impacts of innovation has become increasingly important to policy makers. To be effective, investment in innovation requires this understanding, which, in turn, requires measurement of the underlying inputs and subsequent outcomes of innovation processes. In May 2016, at the request of the National Center for Science and Engineering Statistics of the National Science Foundation, the Committee on National Statistics of the National Academies of Sciences, Engineering, and Medicine convened a workshop - bringing together academic researchers, private and public sector experts, and representatives from public policy agencies - to develop strategies for broadening and modernizing innovation information systems.This publication summarizes the presentation and discussion of the event.


Measuring Innovation in the 21st Century Economy

Measuring Innovation in the 21st Century Economy
Author: Shenaj Hadzimustafa
Publisher:
Total Pages: 0
Release: 2012
Genre:
ISBN:

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Dramatic moments in the history of industrial change have always been characterised by the successful exploitation of new ideas and the achievements of innovators. Innovation has driven economic progress, from the invention of the spinning jenny that transformed the textile industry during the 18th century, to the harnessing of electricity and the development of mass production. More recently, semi-conductors, the internet and mobile technology have revolutionised business performance and the economic potential of nations. It has been long understood that the generation, exploitation and diffusion of knowledge are fundamental to economic growth, development and the well being of nations. Central to this is the need for better measures of innovation. Innovation also affects the competitive advantage of the countries. Over time the nature and landscape of innovation have changed, and so has the need for indicators to capture those changes and provide policy makers with appropriate tools of analysis. Innovation propels economic growth. Yet the measurement of innovation, in the countries remains rudimentary. To understand better the dynamics of economic growth and, hopefully, avoid harmful policies and enact facilitative policies, we must design improved measures of innovation. Some of the aspects that will be discussed are the: Innovation and knowledge economy, Innovation policies across government, cross-country analyses of innovation.


New Concepts in Innovation Output Measurement

New Concepts in Innovation Output Measurement
Author: Donald Bain
Publisher: Springer
Total Pages: 216
Release: 2016-07-27
Genre: Business & Economics
ISBN: 1349228923

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This collection of papers describes advances in the measurement of innovation output, principally through the use of a new technique based on scanning of trade and technical journals. Experience in several countries is assessed and the strength and weaknesses of the technique discussed. The conclusion is that, taken together with recent advances in the design of questionnaires for postal surveys of innovation, this technique provides a radically improved data source for testing innovation theories and for effective policy analysis.


Innovation Strategies for a Global Economy

Innovation Strategies for a Global Economy
Author: Fred Gault
Publisher: IDRC
Total Pages: 233
Release: 2010
Genre: Business & Economics
ISBN: 1849800367

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Provides an agenda for future work on activities to improve understanding of innovation strategies in the medium and short term.


National Innovation, Indicators and Policy

National Innovation, Indicators and Policy
Author: L. Earl
Publisher: Edward Elgar Publishing
Total Pages: 261
Release: 2006-01-01
Genre: Technology & Engineering
ISBN: 1847201644

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This book takes stock of what is known about the process of innovation and its effects, and the policy interventions that influence both. It provides insights into future research required to support evidence-based policy-making and makes clear the need to take a systems approach to the analysis of innovation, its outcomes and its impacts. The contributors explore the fact that economic theory, statistical measurement and the need to achieve targets are combining to shift policy focus towards the economic and social impacts of innovation. This is forcing economists and statisticians to look for new measures, indicators, and analytical frameworks to support the public policy debate and the implementations of change necessary for success. The book emphasizes the importance of linkages and communities of practice in measuring and analyzing innovation, and focuses on: the importance of social sciences as well as natural sciences to the activity of innovation. policy-relevant discussions on the measurement gaps in the activity of innovation quantitative results of analysis relating to the output of innovation activities theoretical frameworks and concepts for measurement of the activity of innovation suggestions for new measurement directions for the activity of innovation which will lead into an international forum to discuss indicator development at the OECD over the next decade. Illustrating that the expectations of innovation policies are being raised, this book will prove fascinating reading for policy analysts, economists, academics and students with an interest in innovation, industrial dynamics and science and technology.