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.

Looking beyond the business sector, Fred Gault examines the measurement of innovation in all economic sectors using an internationally agreed definition of innovation. This timely book explores the challenges and implications of measuring innovation, producing indicators to support policy development, monitoring, evaluation and learning. Examining innovation as a systems phenomenon, chapters offer readers an understanding of the impact of the innovation policy of governments, the strategy of businesses and the practice of households in a more digital economy. Gault also looks at the growing importance of restricted innovation as well as the informal economy and the difficulties around measuring social innovation. Concise and cutting-edge, this book will benefit economics and innovation scholars, particularly those looking into national innovation systems. Policy makers and organisations focused on the statistical measurement of innovation will also find this book offers helpful insights into the topic.

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.

A great book to understand and foster innovation at all levels: a truly innovative piece of work.' - Enrico Giovannini, Minister of Labour and Social Policies, Italy'This book brings together original contributions from world leading experts on innovation indicators and is unique in several respects. First, the focus is upon innovation in terms of commercialized products and processes and not on secondary indicators of research or patenting. Second, it combines academic perspectives with user perspectives from industry and international organizations. Third, it strikes a good balance between old and new indicators, opening up new dimensions of innovation for measuring. It is a book worth reading for scholars studying innovation, for policy makers and, not least, for innovation managers in the private sector.' - Bengt-Ake Lundvall, Aalborg University, Denmark and Sciences-Po, Paris, France This Handbook comprehensively examines indicators and statistical measurement related to innovation (as defined in the OECD/Eurostat Oslo Manual). It deals with the development and the use of innovation indicators to support decision-making and is written by authors who are practitioners, who know what works and what does not, in order to improve the development of indicators to satisfy future policy needs. This unique volume presents: - the historical and geographical context for innovation indicators and measurement - practical examples of how measurement is actually undertaken - new areas of innovation indicators and measurement, including consumer innovation, public sector innovation and social innovation. This informative Handbook will appeal to policy makers in government departments, statistical offices and research institutes and international organizations such as the EU, OECD and the UN, as well as university departments of economics, sociology, law, science and technology, and public policy. Contributors: E. Aho, M. Alkio, A. Arundel, C. Bloch, J.P.J. de Jong, F. Foyn, K. Fursov, F. Galindo-Rueda, F. Gault, L. Gokhberg, N. Greenan, C.T. Hill, H. Hollanders, T. Ijichi, N. Janz, K. Joseph, I. Lakaniemi, E. Lorenz, D. Meissner, I. Miles, G. Mulgan, W. Norman, K. O'Brien, G. Perani, B. Peters, C. Rammer, K. Smith, A. Sokolov, A. Torugsa, E. von Hippel, A.W. Wyckoff

`Dr Gault has been on the forefront of innovation measurement and indicators for many years. With the publication of Innovation Strategies for a Global Economy, he has moved substantially beyond the realm of measurement. In this volume he has succinctly linked the role of measuring innovation to the development and implementation of innovation strategies. The volume is unique in addressing both the measurement and implementation of appropriate innovation strategies in developing nations. Over the last decade Dr Gault has become an expert in this area and his expertise is clearly on display. Without a doubt, this volume is the definitive primer on the measurement of innovation and the implementation of strategies for innovation.' - Lynda D. Carlson, PhD `Innovation Strategies for a Global Economy skilfully connects the challenge of developing innovation policies with the development of statistics and indicators needed to evaluate and monitor these policies. Fred Gault brings an insider view to both areas which is exceedingly rare and badly needed.' - Andrew Wyckoff, OECD, France `For decades, many in the indicators community have looked to Fred Gault for new ideas and organizing principles. Gault continues to play this informative and inspiring role in his new book on the intersection between policy and indicators. His ideas will make a substantive contribution to the way in which innovation policy is made.` - Eric Von Hippel, Massachusetts Institute of Technology Sloan School of Management, US `This path-breaking book integrates theory, case studies, data and policy insight into a unique take on innovation processes and government action. It is a much-needed advance in the intellectual foundations of innovation policy.' - Keith Smith, Imperial College, London, UK This book is about innovation strategies for a global economy, their development, implementation, measurement and management. Following the global economic crisis, people are asking: what went wrong? Here, Fred Gault illustrates that a part of the problem was innovation in financial services, which resulted in the release of attractive new products to the market that diffused rapidly and then lost value. This book considers innovation and how policies are developed and implemented to support it. In so doing, framework conditions such as market regulation and the cost of doing business are examined to discover how future problems could be avoided. A better understanding of innovation and innovation policy may result in improved economic and social outcomes from these activities. The book therefore begins with an exploration of the language and system framework used to discuss innovation, and the statistical indicators needed to describe it. The author provides a critical assessment of innovation policy development, monitoring and evaluation, and considers innovation strategies, their components and management. He concludes by prescribing directions for new work in developed and developing countries. Academics engaged in the study of innovation policy, its monitoring and evaluation, will find this book to be of great interest, as will graduate students in the fields of business and management, and sociology. It will also strongly appeal to governmental policymakers and statisticians responsible for innovation statistics.