Data Surveys - Australian Innovation Data (journal article)
by Paul H. Jensen and Elizabeth Webster
from The Australian Economic Review, vol. 41, no. 3, pp. 323–9
The absence of an ideal innovation metric does not mean that economists and management scholars should avoid conducting innovation related research. Second-best data sources are increasingly being brought to light. These include: R&D data; new product launches; counts of intellectual property (IP), such as patents and trade marks; and surveys of companies’ innovative activities. However, to effectively use these data, researchers should be cognisant of their relative strengths and weaknesses.