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Measuring innovation

In: Elgar Encyclopedia on the Economics of Knowledge and Innovation

Author

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  • Paul Stoneman

Abstract

Building upon definitions provided in another chapter, the objective here is to address issues relating to measurement of the various aspects of innovation, widely defined, and to some extent discuss data sources. The main indicators considered are: research and development (R&D) spending; counts of intellectual property rights; innovation surveys; patterns of technological diffusion; and other, alternative, indicators such as product launch data, changes in product prices, balanced scorecards and measures of innovation impacts.

Suggested Citation

  • Paul Stoneman, 2022. "Measuring innovation," Chapters, in: Cristiano Antonelli (ed.), Elgar Encyclopedia on the Economics of Knowledge and Innovation, chapter 42, pages 341-349, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:19760_42
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