In an economy, we measure outputs - things we produce. In an information economy, however, outputs are not the only thing that matters. Just as importantly, we need to measure inputs - the resources and knowledge used in producing outputs.
Using Patent Nowcasting Data to Improve…
In an economy, we measure outputs - things we produce. In an information economy, however, outputs are not the only thing that matters. Just as importantly, we need to measure inputs - the resources and knowledge used in producing outputs.