The U.S. Department of Commerce has developed an initiative to find an innovation metric.
'The Measuring Innovation in the 21st century Economy Advisory Committee will help develop better ways to measure innovation so that public and policy makers can understand better its impact on economic growth and productivity. The committee will study metrics on effectiveness of innovation in various businesses and sectors, and work to identify which data can be used to develop a broader measure of innovation's impact on the economy'
'The Measuring Innovation in the 21st century Economy Advisory Committee will help develop better ways to measure innovation so that public and policy makers can understand better its impact on economic growth and productivity. The committee will study metrics on effectiveness of innovation in various businesses and sectors, and work to identify which data can be used to develop a broader measure of innovation's impact on the economy'
http://www.innovationmetrics.gov
1 comment:
some specific objectives that they have:
1. Improvement of the underlying architecture of the U.S. System of National Accounts to facilitate development of improved and more granular measures of innovation and productivity;
2. Identification of appropriate economy-wide and sector-specific statistical series or other indicators that could be used to quantify innovation and/or its impacts;
3. Identification of firm-specific data items that could enable comparisons and aggregation; and
4. Identification of specific "holes" in the current data collection system that limit our ability to measure innovation.
our own Strategy for Science Technology and Innovation is worth thinking about in this regard
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