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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.

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Some measurement caveats

The most common indicator of the input side to the knowledge system is R&D expenditures relative to GDP. The measure has extracted widespread interest in efforts to increase R&D and innovations in economic systems. As an example, the EU countries have set as a target in the socalled Barcelona declaration from the summit in Barcelona in March 2002 that R&D expenditures should approach 3% of GDP by year 2010 with an approximate contribution from the private sector of 2/3.

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