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The Department of Commerce is seeking public comment on issues related to the measurement of innovation. This request supports efforts of the Measuring Innovation in the 21st Century Economy Advisory Committee to seek advice from the public as it prepares recommendations for the Secretary of Commerce on new or improved measures of business innovation.

The recommendations will cover the following four major categories identified by the participants during the initial meeting of the Advisory Committee:

1. Improvement of the underlying architecture of the U.S. System of National Accounts to facilitate development of improved and more granular measures of innovation and productivity;
   
2. Identification of appropriate economy-wide and sector-specific statistical series or other indicators that could be used to quantify innovation and/or its impacts;
   
3. Identification of firm-specific data items that could enable comparisons and aggregation; and
   
4. Identification of specific "holes'' in the current data collection system that limit our ability to measure innovation.

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For more information on submitting comments see the Federal Register notice (PDF or Text) Written comments on this notice must be submitted on or before May 11, 2007.