Innovation indicators and the knowledge economy: concepts, results and policy changes

Abstract

This paper discusses concepts of the knowledge economy, outlines some main 'robust' results from recent indicator development, and explores their policy implications. The results especially concern the prevalence of innovation across all sectors of the economy, the prevalence of 'system' phenomena, and the widespread creation of knowledge across sectors. The policy challenges relate to understanding the dynamics of the knowledge economy. Against this background the discussion will explore future policy and indicator challenges.