Measuring and Accounting for Innovation in the Twenty-First Century
  • Author : Carol Corrado
  • Release Date : 18 May 2021
  • Publisher : University of Chicago Press
  • Genre : Business & Economics
  • Pages : 776
  • ISBN 13 : 9780226728209

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Book Description: 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.

Measuring and Accounting for Innovation in the Twenty First Century

Measuring and Accounting for Innovation in the Twenty First Century

Author : Carol Corrado,Jonathan Haskel,Javier Miranda,Daniel Sichel
Publisher : University of Chicago Press
Genre : Business & Economics
DOWNLOAD

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 ...

Measuring and Accounting for Innovation in the Twenty First Century

Measuring and Accounting for Innovation in the Twenty First Century

Author : Carol Corrado,Jonathan Haskel,Javier Miranda,Daniel Sichel
Publisher : University of Chicago Press
Genre : Business & Economics
DOWNLOAD

"Measuring innovation is a challenging task, both for researchers and for national statisticians. This task is timely and valuable given that policy and public interest in innovation has become increasingly intense in this era of digital revolution, yet National GDP Accounts and other economic statistics do not fully account for ...

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