Firms struggle to capture innovation statistics, but this new data set will make it easier

A bulb hangs inside a restaurant in Madrid December 23, 2013. There were clear signs of manipulation at a Spanish wholesale power auction used to set household bills that was later annulled by the competition authorities, the Industry Minister said in an interview published on Saturday. The quarterly auction of wholesale electricity on Thursday recorded a sharp jump in price, which would have translated to a 10.5 percent rise in power bills, prompting the regulator to annul the auction. REUTERS/Andrea Comas (SPAIN - Tags: BUSINESS) - GM1E9CN1Q7V01

Technological change plays a key role in the productivity growth, yet it is hard to capture with conventional data. Image: REUTERS/Andrea Comas

Max Nathan
Associate professor in applied urban sciences, UCL
Anna Cecilia Rosso
assistant professor at the University of Milan’s department of economics, management and quantitative methods., University of Milan
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