How to Measure Innovation

Balkrishna Rao

Challenge, 2010, vol. 53, issue 1, 109-125

Abstract: Innovation will have an increasingly important place in the future prosperity of the world. But can we develop reliable models for quantifying innovations that enhance social capital? This piece describes the work of one economist who has developed a technically demanding but fascinating methodology to help evaluate a nation's quality and quantity of innovation. Such measures are often technically elaborate, but it is important to present high-quality technical attempts at dealing with difficult but important subjects.

Date: 2010
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DOI: 10.2753/0577-5132530105

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