Improving Australia’s Innovation Indicators - Response to Consultation Paper
4 Pages Posted: 22 May 2019
Date Written: March 29, 2019
It is exciting that Australia is undertaking a rethink of its Innovation Indicators. I have watched Innovation and Science Australia (ISA 2017) work through their 'Australia 2030: Prosperity through Innovation' strategy development process with keen interest. Where I work was also funded through Turnbull’s National Innovation and Science Agenda (NISA) policy, but as part of the multi-billion dollar Research Infrastructure NCRIS investment. My work on value theory suggests innovation succeeds when it creates value for end-users, rather than focussing more narrowly on new product or service creation based on novelty and differentiation alone. From this perspective, please find further comments from a more considered but brief look at your Consultation Paper.
This is a personal response and not representative, authorised or approved by my employers.
Keywords: innovation, metrics, Australia, simplicity, value creation, Stiglitz, GDP
JEL Classification: O32, O38
Suggested Citation: Suggested Citation