Innovation Strategies for a Global Economy

Innovation Strategies for a Global Economy

Development, Implementation, Measurement and Management

Fred Gault

This book is about innovation strategies for a global economy, their development, implementation, measurement and management. Following the global economic crisis, people are asking: what went wrong? Here, Fred Gault illustrates that a part of the problem was innovation in financial services, which resulted in the release of attractive new products to the market that diffused rapidly and then lost value. This book considers innovation and how policies are developed and implemented to support it. In so doing, framework conditions such as market regulation and the cost of doing business are examined to discover how future problems could be avoided.

Examples of Research Projects

Fred Gault

Subjects: innovation and technology, innovation policy


INTRODUCTION The purpose of this appendix is to provide examples of analytical activities related to innovation which can be undertaken by those with access to the data or those able to commission such work as part of policy analysis. The examples are drawn from work that has been done over the years at Statistics Canada, and in other institutions, and could easily be replicated in other statistical offices. Given the history of the subject, research and development (R&D) statistics are over-represented, but formal knowledge creation remains an important innovation activity which may lead to innovation. DATA PROJECTS Propensity to Innovate Compared with the Propensity to do R&D The higher propensity to innovate, compared with the propensity to do R&D, in a population of firms has already been discussed in the text. The propensity to innovate is measured in the Community Innovation Survey (CIS) or CIS-like surveys. There are three ways to measure the propensity to do R&D. The R&D propensity reported in Uhrbach (2009) is based on responses to the generic CIS question 5.1 and does not distinguish between continuous and occasional. The results, presented in Table 4.1 in Chapter 4, are for a three-year period and may have a large component of occasional R&D performers. An alternative is to use the CIS question 5.2 which seeks R&D expenditure information for one year only. To get the propensity, it would be a matter of taking the counts of firms that responded, rather than...

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