R&D expenditures and productivity

R&D expenditures and productivity

According to endogenous growth theories, innovations is one of the key drivers of economic growth. To boost innovations and technical progress, countries spend a lot of money on Research and Development. In most developed countries expenditures on research and development exceed 2% of GDP. And about 70-75% of R&D expenditures are covered by private business corporations.

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Posted Nov 8, 2013
 
Views: 225
Tags Economy, productivity, R and D, R&D
Tools Knoema
Data No data sets referenced yet.
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