been possible without the financial support of the National Aeronautics and Space Administration (NASA) and the National Science Foundation and the personal encouragement of Daniel Goldin, NASA Administrator.

This first publication in the series is the report of a workshop, Industrial Research and Innovation Indicators, held at the National Academy of Sciences in Washington, D.C., on February 28, 1997, in response to a specific request initiated by John E. Jankowski, Jr., director of the research and development statistics program of the Science Resources Studies Division of the National Science Foundation. The conference was organized with the assistance of a committee chaired by STEP Board members Dale Jorgenson, Frederic Eaton Abbe Professor of Economics, Harvard University, and Mark Myers, Senior Vice President for Corporate Research and Technology, Xerox Corporation. The workshop brought together statisticians and economists concerned with industrial organization and innovation practices, industrial managers, association representatives, government officials representing diverse policy arenas and statistical agencies, and analysts from other industrialized countries and international organizations.

The report does not present conclusions and recommendations of the STEP Board and the Academies but does represent a faithful summary of the suggestions of workshop participants for improving measurement of private-sector innovative activity and output, expanding the collection of data within the constraints of available resources, and enhancing the utility of information available to policy makers and corporate decision makers. Above all, it underscores the need to periodically reassess the selection of science and technology indicators in light of changes in the international economy and domestic industrial activity and advances in understanding of innovation processes, and to do so in close consultation with the interested policy community and the private-sector.

A. MICHAEL SPENCE

CHAIRMAN

STEPHEN A. MERRILL

EXECUTIVE DIRECTOR



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