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This paper proposes a framework to account for innovation similar to the usual accounting framework in production … analysis and a measure of innovativity comparable to that of total factor productivity. This innovation accounting framework is … illustrated using micro-aggregated firm data from the first Community Innovation Surveys (CIS1) for seven European countries …
Persistent link: https://www.econbiz.de/10005100802
The purpose of this paper is to propose a composite innovation indicator derived from an econometric prediction of the … likelihood of innovating and of the amount of innovation performed by a particular firm, given information on its characteristics … the Community Innovation Surveys. It combines qualitative and quantitative data. It allows the comparison of …
Persistent link: https://www.econbiz.de/10005101024
We review the econometric literature on measuring the returns to R&D. The theoretical frameworks that have been used are outlined, followed by an extensive discussion of measurement and econometric issues that arise when estimating the models. We then provide a series of tables summarizing the...
Persistent link: https://www.econbiz.de/10008487261