Introduction MELF Equation Macro Metrics Micro Metrics Beyond GDP How To Access Acknowledgements About Us
Penetrates to the Origins of Economic Growth in Profoundly New Ways
Business Innovation Economics
It’s apparent to most people that business innovation drives economic growth. But it's not in Economics, where the exact numerical linkage between GDP and preceding business R&D has never been uncovered, despite decades of effort. The primary reason is combining Research and Development into R&D, when they are separate economic activities. All previous attempts have failed for this reason. Another reason is confusion over how to measure business innovation. And a third concerns how to determine the lag to GDP. And none of these can be answered without studying decades of business numbers. Unfortunately such data has been hidden, not least from campus reach, unstructured in commercial reports; within factories, corporate offices and technical centers, to which very few have access. But Innovation Professionals do, because it's their realm. Resulting unique metrics now deliver what still evades Economics: a single economy - controlling productivity. National Systems of Innovation become measurable, comparable and improvable, with profound consequences for planning growth within any economy,