Press Release Summary:
Selection Committee of National Association for Business Economics has accepted abstract written by Economist Cliff Waldman and Economic Consultant Jeremy Leonard of Manufacturers Alliance/MAPI. Study titled An Empirical Model of Innovation in the US Manufacturing Sector provides model of main determinant of product and process innovation for US manufacturing. Model help companies and policy makers address dilemma of how to measure innovation and identify incentives.
Original Press Release:
NABE Selects MAPI Report As Potential "Contributed Paper"
The National Association for Business Economics (NABE) has informed the Manufacturers Alliance/MAPI that its Selection Committee has accepted an abstract for a potential "contributed paper" at the 2007 NABE Annual Meeting this September in San Francisco.
Economist Cliff Waldman and Economic Consultant Jeremy Leonard, co-authors of An Empirical Model of Innovation in the U.S. Manufacturing Sector, were notified that their work was one of only six abstracts selected. One paper will receive a top prize and two can be presented at the Annual Meeting. The remaining papers will be reviewed for publication in Business Economics.
The MAPI study provides a unique model of the main determinants of product and process innovation for the U.S. manufacturing sector. The model allows companies and public policy makers to have more certainty in addressing a long-standing dilemma-how to measure innovation and thereby identify appropriate incentives and resources for its promotion. Additionally, the model provides the potential capacity to focus on developing a strategic framework and a domestic policy response to address increasing global competition.
"Nothing is more important to the success of American industry in the global economy than leading in innovation," said Thomas J. Duesterberg, President and Chief Executive Officer of the Alliance. "Only by maintaining our historical lead in both product and process innovation can we meet the ever-broadening global challenge. This paper shows us in a rigorous empirical way what policies we need to encourage and nurture the innovative process."
The report is free to members. Others may purchase the report for $50 by contacting Mary Pearson, Publications and Accounting Assistant, at firstname.lastname@example.org or by calling 703.647.5139.