Low-technology modes of innovation in the business sector: expanding measurement perspectives

Fernanda Reichert and Kieran O’Brien

Chapter 6 in Handbook of Innovation Indicators and Measurement, 2023, pp 88-110 from Edward Elgar Publishing

Abstract: Innovation is essential to economic development and should be measured in all industries, regardless of technological intensity. Modes of innovation in low-tech industries (LTIs), defined as manufacturing and services sectors with typically low R&D investments, are often neglected due to a traditional focus on R&D-based indicators. Innovation in LTIs can drive important economic outcomes, and typically draws on experience-based knowledge from different areas within the firm, incremental organizational innovation, external knowledge and technology sourcing, and interactions with external parties including users. In this chapter, we draw on the literature on innovation in LTIs and national and regional innovation studies in Australia and Brazil. We recommend important new and existing indicators for measuring low-technology modes of innovation in the business sector that should be included in future approaches to collecting innovation statistics.

Keywords: Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2023
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