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Innovation is closely linked with economic growth and productivity gains. Strengthening the conceptual and empirical links between innovation and economic performance is a primary objective of the Innovation Strategy that will complement and extend OECD’s previous work.
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Five pillars of analysis
Research will focus on three dynamic and interdependent elements of the ecosystem which innovation needs to thrive: markets and governance, human capital and global dimensions.
Two additional research themes cut across all three elements: measurement, and the impact of the changing nature of innovation.
Taken together, these form the five pillars of analysis at the heart of the Innovation Strategy’s effort to build a cross-government approach.
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The following are core concepts in the OECD Innovation Strategy:
Pillar 1. The changing nature of innovation
Globalisation and information technologies are expanding the base of actors involved in innovation within and across national boundaries. This pillar examines the changing nature of innovation, the potential effects on innovation performance and policy ramifications.
Pillar 2. Human capital
A country’s innovation capacity increasingly depends on taking advantage of human capital. The work in this pillar studies the innovation impact of better educated populations as well as accessibility of knowledge, the Internet and social networks. It will also assess cultural and motivational factors.
Pillar 3. Markets and governance
This pillar focuses on market structures, governance mechanisms and institutional arrangements as key elements of the innovation ecosystem. It considers three important trends:
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New market structures and innovation incentives.
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Changes in markets which affect the boundaries of the firm in the innovation context.
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National and regional government policies affecting innovation.
Pillar 4A. Global dimensions of innovation:
Encouraging growth
The first part of this pillar addresses the geography of innovation in OECD countries (and its contribution to growth), evaluating the actors, networks and related essential infrastructure. It focuses on increasing opportunities for firms of all sizes to engage in markets beyond local and national boundaries. It also considers lessons to be learned from developing countries.
Pillar 4B. Global dimensions of innovation:
Innovation for society
The second part of the pillar focuses on how innovation can be employed to address three key policy challenges at the global scale – supporting the development agenda, responding to climate change, and protecting global health. The work will identify how openness and co-operation, coupled with new actors, ICT infrastructure and adaptation-centred innovation performance, can help ensure that international strategies produce effective solutions to these challenges.
Pillar 5. Measurement
The measurement pillar plays three important roles in this analytical framework. First, it supports work in the other pillars on identifying priority measurement gaps and developing reliable methodologies. Second, it aims to help build a coherent, whole-of-government view by identifying and integrating measurements into the analytical framework. Third, it will contribute to linking microdata-based evidence to growth and economic performance.
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