New innovation output indicators are developed in the context of this joint project by the ZEW in Mannheim and the Justus Liebig University in Giessen. At ZEW, the analysis is based on text data from firm websites, which are extracted using an automated web scraper. The text data is used to generate innovation indicators by applying text data mining methods (e.g. topic models). Website addresses are based on ZEW databases, which allow for a continuous monitoring of the current stock of firms in Germany and the comparison to conventional firm level innovation indicators.

Selected Publications