FRED has a good blog post on measuring innovation. https://www.stlouisfed.org/open-vault/2021/june/how-to-measure-innovation#:~:text=Research%20and%20Developme

FRED has a good blog post on measuring innovation. https://www.stlouisfed.org/open-vault/2021/june/how-to-measure-innovation#:~:text=Research%20and%20Development%20Intensity&text=%E2%80%9CWhile%20patents%20are%20a%20measure,a%20correlation%20between%20the%20two https://www.stlouisfed.org/open-vault/2021/june/how-to-measu....