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Micro-econometric analyses cover a wide range of new innovation
'input' and 'output' indicators. Among the robust findings about
determinants of innovation is evidence on the importance of
technological opportunity, of appropriability of innovation
benefits, and of Schmooklerian demand-pull effects. As opposed to
the evidence from standard R&D data, small firms appear more
innovative and the impact of market power on innovation is, in the
best case, modest.
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.
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