The Approach to Measuring and Assessing the Intensity of Iinnovation Activity at the Macro Level

DOI

10.2991/iscfec-18.2019.5How to use a DOI?

Keywords

innovation activity, labor productivity, investment, technology, research and development, macro-level, USA

Abstract

The approach to measuring and assessing the intensity of innovation activity is based on the ratio of investment efforts and indicators of labor productivity dynamics caused by them. Two methods based on this approach are proposed. In one of them the innovation activity intensity is measured via decomposition of the labor productivity increase into the factors that generate it - the dynamics of capital productivity ratio and capital-labor ratio (in logarithms). Another methodical approach closely connected with the previous one is based on the special parameter, characterizing investment potential growth, the demand for the net investments to increase unit intensity productivity. Calculations made on US statistics since the early 1960s give an idea of the innovation factor role in certain quantitative assessments. It turned out that in general for the period 1961-2014 about 3/4 of the productivity increase is due to the capital-labor ratio growth, and only ¼ to the capital productivity ratio growth. In 1981-2000 about half of the productivity increase was already obtained due to the innovation factor; investment, which provided breakthrough technologies. At the same time, a reduction in the relative demand for investment from the beginning of the 1980s made it possible with almost the same accumulation rate to stop the threatening tendency towards reducing of the labor productivity growth rates.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - B.L. Lavrovskiy
PY  - 2019/01
DA  - 2019/01
TI  - The Approach to Measuring and Assessing the Intensity of Iinnovation Activity at the Macro Level
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018)
PB  - Atlantis Press
SP  - 20
EP  - 23
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-18.2019.5
DO  - 10.2991/iscfec-18.2019.5
ID  - Lavrovskiy2019/01
ER  -