The non-trivial choice between innovation indicators

A.H. Kleinknecht, C.A.G.M. Montfort, van, E. Brouwer

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    Abstract

    We discuss the strengths and weaknesses of five alternative innovation indicators: R&D, patent applications, total innovation expenditure and shares in sales taken by imitative and by innovative products as they were measured in the 1992 Community Innovation Survey (CIS) in the Netherlands. We conclude that the two most commonly used indicators (R&D and patent applications) have more (and more severe) weaknesses than is often assumed. Moreover, our factor analysis suggests that there is little correlation between the various indicators. This underlines the empirical relevance of various sources of bias of innovation indicators as discussed in this paper.
    Original languageEnglish
    Pages (from-to)109-121
    JournalEconomics of Innovation and New Technology
    Volume11
    Issue number2
    DOIs
    Publication statusPublished - 2002

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