1887

Macroeconomic Framework Conditions and the Management of Research and Development in the Nordic Countries

image of Macroeconomic Framework Conditions and the Management of Research and Development in the Nordic Countries

Research and development are often singled out as one of the key drivers of growth in the Nordic economies. However, there appears to be only limited knowledge about how the framework conditions for private sector research and the prioritisation of public sector research ensure efficiency and quality in national research efforts as a whole. The project "Macroeconomic Framework Conditions and the Management of Research and Development in the Nordic Countries" sheds light on the existing framework conditions for research and development in the Nordic countries. The project provides some of the knowledge needed to answer the question of how to ensure that research and development in the both the private and public sector continue to yield high returns. The project also looks into how the various Nordic countries differ from each other in terms of the organisation of and framework conditions for public and private research. The project forms part of the Danish Presidency of the Nordic Council of Ministers in 2005.

English

.

An econometric investigation of the Patents-R&D relationship for Denmark

Patent counts are commonly used as output indicators of innovative activity and technical change (see e.g. Griliches, 1990). This is not surprising, given the availability of data and the amount of information they contain. The R&D expenditures, in turn, are often viewed as an innovation input. It is however recognized that R&D measure only a fraction of this output. It is also recognized that patents may differ greatly in their economic value, since the distribution of values of patents is very dispersed and skewed (see the surveys by Scherer and Harhoff, 2000 and Scherer, 1998).

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error