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Gutierrez Calls for Government, Private Sector, and Academic Actions on Innovation Measurement

Washington (Jan. 18)—Commerce Secretary Carlos M. Gutierrez announced steps for the federal statistical agencies and others to work to explain and quantify one of the largest and most elusive drivers of the economy─innovation. Among the innovation measurement initiatives announced by Gutierrez were comprehensive accounting of the effect of high-tech goods and services, measuring the increase in productivity due to increased investments in innovation and expanding collection of data on innovation. (More) (Fact Sheet) (Notable Quotations) (Report)