Improving Australia’s Innovation Indicators - Response to Consultation Paper

4 Pages Posted: 22 May 2019

See all articles by Richard Ferrers

Richard Ferrers

Monash University; Australian National Data Service (ANDS 2009-18); Australian Research Data Commons (ARDC)

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

Ferrers, Richard, Improving Australia’s Innovation Indicators - Response to Consultation Paper (March 29, 2019). Available at SSRN: or

Richard Ferrers (Contact Author)

Monash University ( email )

Wellington Road
Melbourne, 3145


Australian National Data Service (ANDS 2009-18) ( email )

Building T, Level 1,
900 Dandenong Road
Melbourne, Victoria VIC 3145


Australian Research Data Commons (ARDC) ( email )

c/- Monash University
900 Dandenong Rd
Melbourne, Victoria 3145


Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
PlumX Metrics