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Science, Technology and Innovation Indicators in a Changing World

Responding to Policy Needs

image of Science, Technology and Innovation Indicators in a Changing World

As the world interconnects, science, technology and innovation policies cannot be seen as standing alone. There is a growing interest from central banks and ministries of finance in improving the understanding of how science, technology and innovation create value in the form of increased productivity and profits, and contribute to the valuation of enterprises, and ultimately stimulate the growth and competitiveness of economies. This conference proceedings of the OECD Blue Sky II Forum describes some of the policy needs, measurement issues, and challenges in describing cross-cutting and emerging topics in science, technology and innovation (STI). It also presents ideas to exploit existing data and develop new frameworks of measurement in order to guide future development of STI indicators at the OECD and beyond.

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The Changing Knowledge Landscape and the Need for New Metrics

When researchers say that innovation is being democratized, they mean that users of products and services – both firms and individual consumers – are increasingly able to innovate for themselves. User-centred innovation processes offer great advantages over the manufacturer-centred innovation development systems that have been the mainstay of commerce for hundreds of years. Users that innovate can develop exactly what they want, rather than relying on manufacturers to act as their (often imperfect) agents. Moreover, individual users do not have to develop everything they need on their own: they can benefit from innovations developed and freely shared by others.

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