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📊 How Do We Measure Innovation? | Patents, R&D & Big Data 🌐 How do we track "new ideas that add value"? In this video, we explore the complex world of innovation indicators—the proxies that researchers and policymakers use to measure the progress of our global economy. From R&D spending to the "patent problem," we break down how the world's most innovative nations are actually ranked. 🔍 What You’ll Learn The Power of Indicators: Why benchmarking national performance is critical for public policy, taxation, and environmental decisions. Input vs. Output: A breakdown of R&D expenditure (the input) versus the tangible results (the output) like patents, publications, and trademarks. The Patent Problem: Why patent applications are a great precursor to innovation, but can be deceptive due to "patent families" and filing routes. Innovation Surveys (CIS): How the Community Innovation Survey measures "soft" concepts like the relationship between innovation and firm culture. Composite Indicators: A look at the European Innovation Scoreboard and the "Summary Innovation Index." The Future of Measurement: How Big Data—from firm websites to social media—is providing real-time data for regional industries. 💡 Key Concepts Covered The 3 Types of R&D: Basic Research vs. Applied Research vs. Experimental Development. R&D Intensity: Understanding the "Innovation Divide" between leading and lagging states. Bibliometrics: How we measure scientific achievement through publication shares and citation counts. Trademarks: Why service sectors and SMEs rely on trademarks more than patents to protect their intellectual property. The Knowledge Triangle: The essential interplay between Education, Research, and Business. 🎓 Who Is This For? Whether you are a policy analyst, an economics student, or a business manager, this video provides a comprehensive guide to the metrics that define modern technological progress. #InnovationEconomics #ResearchAndDevelopment #Patents #BigData #OECD #InnovationIndicators #EconomicGrowth #DataScience #PublicPolicy #Macroeconomics #EuropeanInnovationScoreboard