Measuring and Accounting for Innovation in the Twenty-First Century (Hardcover)

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.

General

Imprint:	University of Chicago Press
Country of origin:	United States
Series:	National Bureau of Economic Research Studies in Income and Wealth
Release date:	May 2021
First published:	2021
Editors:	Carol Corrado • Jonathan Haskel • Javier Miranda • Daniel Sichel
Dimensions:	229 x 152 x 41mm (L x W x T)
Format:	Hardcover - Cloth over boards
Pages:	776
ISBN-13:	978-0-226-72817-9
Categories:	Books > Business & Economics > Industry & industrial studies > General Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Business & management > Management of specific areas > Research & development management
LSN:	0-226-72817-X
Barcode:	9780226728179

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