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Siegel Appointed to Federal Committee


AGSM's Don Siegel Appointed to Department of Commerce Committee

Group will study how innovation impacts economic growth

(November 1, 2006)

RIVERSIDE, Calif. -- (www.ucr.edu) -- Donald Siegel, professor of entrepreneurship and associate dean of the A. Gary Anderson Graduate School of Management (AGSM), has been appointed to the Measuring Innovation in the 21st Century Economy Advisory Committee of the U.S. Department of Commerce.

In announcing the committee’s formation, U.S. Commerce Secretary Carlos M. Gutierrez said the 15-member group of academic and business experts will attempt to develop better metrics to increase understanding of how innovation occurs in different sectors of the economy, how it is diffused across the economy, and how it impacts economic growth and productivity.

“We’ve known for years that American ingenuity contributes mightily to historic advances in productivity and our high standard of living,” said Gutierrez, “I believe — in this fast-paced, dynamic economy — we can do an even better job of measuring innovation.”

The committee is chartered to work for no more than two years with the goal of producing an interim report early next year and a final report by the middle of 2007.

Siegel, whose primary research interests include the strategic implications of entrepreneurship and technological change, the measurement and analysis of firm performance, and university technology transfer, said he’s looking forward to working on the committee.

“Conventional R&D statistics do not track these “new” forms of innovation and commercialization,” said Siegel. “The work of this committee will ultimately help firms, regions, and our nation allocate resources more efficiently to innovative activity.”

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