Issues Inside the Field of Economics of Innovation: Definitions, Data Sources, Estimation Procedures and Comparability of Results

Innovation economics requires an interdisciplinary approach and at least knowledge in economics and history. A historiographical approach to data representativeness is necessary to perform literature review without producing errors when comparing studies with datasets lacking small companies. Knowle...

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Main Author: Marek Vokoun
Format: Article
Language:English
Published: Institute of Technology and Business, České Budějovice 2017-01-01
Series:Littera Scripta
Subjects:
Online Access:http://www.littera-scripta.com/issues-inside-the-field-of-economics-of-innovation-definitions-data-sources-estimation-procedures-and-comparability-of-results/
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description Innovation economics requires an interdisciplinary approach and at least knowledge in economics and history. A historiographical approach to data representativeness is necessary to perform literature review without producing errors when comparing studies with datasets lacking small companies. Knowledge in econometrics is necessary to assess the possibility to compare results from two innovation papers. An identification strategy is necessary for comprehension because the definitions of innovators are most of the time rather incomparable. Some papers recognize only successful innovators in terms of delivering the product new to the market. In other papers, innovators are companies, which imitated their competitors or trained staff recently. These issues are dependent on the understanding of the definition of the term innovation. Comparison of innovation economics research results or using them in an argument is not possible without complex understanding of data (representativeness), methods (set of control variables) and other limits of dependent variables.
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spelling doaj.art-b140deb43b374fc18f927d7228ccdc9b2022-12-21T20:46:49ZengInstitute of Technology and Business, České BudějoviceLittera Scripta1805-91122017-01-012165179Issues Inside the Field of Economics of Innovation: Definitions, Data Sources, Estimation Procedures and Comparability of ResultsMarek Vokoun0Institute of Technology and Business in České BudějoviceInnovation economics requires an interdisciplinary approach and at least knowledge in economics and history. A historiographical approach to data representativeness is necessary to perform literature review without producing errors when comparing studies with datasets lacking small companies. Knowledge in econometrics is necessary to assess the possibility to compare results from two innovation papers. An identification strategy is necessary for comprehension because the definitions of innovators are most of the time rather incomparable. Some papers recognize only successful innovators in terms of delivering the product new to the market. In other papers, innovators are companies, which imitated their competitors or trained staff recently. These issues are dependent on the understanding of the definition of the term innovation. Comparison of innovation economics research results or using them in an argument is not possible without complex understanding of data (representativeness), methods (set of control variables) and other limits of dependent variables.http://www.littera-scripta.com/issues-inside-the-field-of-economics-of-innovation-definitions-data-sources-estimation-procedures-and-comparability-of-results/Innovation economics identification strategy innovation innovation activities
spellingShingle Marek Vokoun
Issues Inside the Field of Economics of Innovation: Definitions, Data Sources, Estimation Procedures and Comparability of Results
Littera Scripta
Innovation economics
identification strategy
innovation
innovation activities
title Issues Inside the Field of Economics of Innovation: Definitions, Data Sources, Estimation Procedures and Comparability of Results
title_full Issues Inside the Field of Economics of Innovation: Definitions, Data Sources, Estimation Procedures and Comparability of Results
title_fullStr Issues Inside the Field of Economics of Innovation: Definitions, Data Sources, Estimation Procedures and Comparability of Results
title_full_unstemmed Issues Inside the Field of Economics of Innovation: Definitions, Data Sources, Estimation Procedures and Comparability of Results
title_short Issues Inside the Field of Economics of Innovation: Definitions, Data Sources, Estimation Procedures and Comparability of Results
title_sort issues inside the field of economics of innovation definitions data sources estimation procedures and comparability of results
topic Innovation economics
identification strategy
innovation
innovation activities
url http://www.littera-scripta.com/issues-inside-the-field-of-economics-of-innovation-definitions-data-sources-estimation-procedures-and-comparability-of-results/
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