R&D expenditures and productivity


by Knoema on Nov 7, 2013 | Views: 73 | Score: 0
Sources: knoema.com
Share:
Facebook Twitter Reddit Linked In Google Plus Pinterest Tumblr Email
URL:
Embed in your web page: (Preview)
Link:

Download image:

VOTE:
VOICE:
Please sign up or log in to comment
Knoema
Knoema on Nov 7, 2013 11:51 PM said:

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.