Clayton, Tony; Dal Borgo, Mariela; Haskel, Jonathan - Institute for the Study of Labor (IZA) - 2009
We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole …-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we … could get more GDP without innovation by simply duplicating existing physical capital and labour (e.g. adding a second …