Corporate innovation propels both company performance and economic growth. Yet, measuring corporate innovation proves …, patent citations and new product announcements. I posit that each of these signs of corporate innovation provides a noisy … eliminates useful information, suggesting that all of the observable signals about corporate innovation should be included in …

expenditure are insignificant. Thus previous literature relying on R&D expenditure suffers from a measurement error, such that the …

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 …