Business Dynamic Statistics of Innovative Firms
January 2017
Working Paper Number:
CES-17-72
Abstract
A key driver of economic growth is the reallocation of resources from low to high productivity activities. Innovation plays an important role in this regard by introducing new products, services, and business methods that ultimately lead to increased productivity and rising living standards. Traditional measures of innovation, particularly those based on aggregate inputs, are increasingly unable to capture the breadth and depth of innovation in modern economies. In this paper, we describe an effort at the
US Census Bureau, the Business Dynamics Statistics of Innovative Firms (BDS-IF) project, which aims to address these challenges by extending the Business Dynamics Statistics data to include new measures of innovative activity. The BDS-IF project will produce measures of firm, establishment, and employment flows by firm age, firm size, and industry for the subset of firms engaged in activities related to innovation. These activities include patenting and trademarking, the employment of STEM workers, and R&D expenditures. The exibility of the underlying data infrastructure allows this measurement agenda to be extended to include copyright activity, management practices, and high growth firms.
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:
manufacturing,
industrial,
company,
growth,
invention,
entrepreneurship,
sector,
innovation,
development,
inventory,
patent,
patenting,
developed,
innovative,
innovation productivity,
patented,
patenting firms
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:
National Science Foundation,
Organization for Economic Cooperation and Development,
Longitudinal Business Database,
Survey of Industrial Research and Development,
Educational Services,
North American Industry Classification System,
Patent and Trademark Office,
Business Dynamics Statistics,
Business Research and Development and Innovation Survey,
Federal Statistical Research Data Center,
Annual Survey of Entrepreneurs,
Professional Services
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