Measuring and accounting for innovation in the twenty-first century / edited by Carol Corrado, Javier Miranda, Jonathan Haskel, and Daniel Sichel.

  • Chicago : University of Chicago Press, [2021]
  • ©2021
xi, 590 pages : illustrations ; 23 cm.


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Summary note
"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 the wide range of innovative activity that is plainly evident in everyday experience. Indeed, innovation has in many ways changed the structure of an increasingly digitized marketplace, from cloud computing to the gig economy. The papers collected in this volume, Measuring and Accounting for Innovation in the Twenty-First Century, address many different dimensions of this challenge, ranging from how to best to define GDP to the fundamental question of what is an innovation and how to collect data at the level of an individual innovation. Taken together, the volume provides a comprehensive overview of the cutting-edge of this widely varied but thematically-connected research that draws on multiple methodologies and data. The editors and authors consider how measurement frameworks could be expanded to enhance our understanding of innovative activity; new approaches and evidence that could account for innovation's economic impact; innovation's effect across the economy, from production processes to labor markets and financial activities; and what practical adjustments could be made to current measurements that would better capture innovation. The distinctive stance of this volume makes clear that the challenge of measuring innovation and understanding its implications has become increasingly complex as the economy has evolved. The editors and authors show that the limitations of our existing measurement system significantly hinder researchers, analysts, and policymakers. Better measures of innovative activity are necessary to interpret the consequences of innovation in daily life and to inform policies that best promote the attendant benefits, including distribution of income, trademark protections, and more. Now, in an era of fake news and alternative facts, it is more important than ever to push for accuracy in basic economic facts"-- Provided by publisher.
"This volume contains revised versions of the papers presented at the Conference on Research in Income and Wealth entitled "Measuring and Accounting for Innovation in the 21st Century," held in Washington, DC, on March 10-11, 2017"--Acknowledgments.
Bibliographic references
Includes bibliographical references and index.
  • 1. EXPANDING CURRENT MEASUREMENT FRAMEWORKS : Expanded GDP for Welfare Measurement in the Twenty-First Century / Charles Hulten & Leonard I. Nakamura
  • Measuring the Impact of Household Innovation Using Administrative Data / Javier Miranda & Nikolas Zolas
  • Innovation, Productivity Dispersion, and Productivity Growth / Lucia Foster, Cheryl Grim, John Haltiwanger & Zoltan Wolf
  • 2. NEW APPROACHES TO DATA : How Innovative Are Innovations? A Multidimensional, Survey-Based Approach / Wesley M. Cohen, You-Na Lee & John P. Walsh
  • An Anatomy of U.S. Firms Seeking Trademark Registration / Emin Dinlersoz, Nathan Goldschlag, Amanda Myers & Nikolas Zolas
  • Research Experience as Human Capital in New Business Outcomes / Nathan Goldschlag, Ron Jarmin, Julia Lane & Nikolas Zolas
  • 3. CHANGING STRUCTURE OF THE ECONOMY : Measuring the Gig Economy: Current Knowledge and Open Issues / Katharine Abraham, John Haltiwanger, Kristin Sandusky & James Spletzer
  • ICT, R&D, and Organizational Innovation: Exploring Complementarities in Investment and Production / Pierre Mohnen, Michael Polder & George van Leeuwen
  • Digital Innovation and the Distribution of Income / Dominique Guellec
  • 4. IMPROVING CURRENT MEASUREMENT FRAMEWORKS : Factor Incomes in Global Value Chains: The Role of Intangibles / Wen Chen, Bart Los & Marcel Timmer
  • Measuring Moore’s Law: Evidence from Price, Cost, and Quality Indexes / Kenneth Flamm
  • Accounting for Innovations in Consumer Digital Services: IT Still Matters / David Byrne & Carol Corrado
  • The Rise of Cloud Computing: Minding your Ps, Qs and Ks / David Byrne, Carol Corrado & Daniel Sichel
  • BEA Deflators for Information and Communications Technology Goods and Services: Historical Analyses and Future Plans / Erich H. Strassner & David Wasshausen.
  • 9780226728179 ((cloth))
  • 022672817X
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