OECD Science, Technology and Industry Outlook 2010
In the search for a rapid, sustainable and lasting recovery from the economic crisis, science, technology and innovation are expected to play a driving role. But what are the implications for science and innovation policy? What steps are countries taking to boost their capabilities in these areas? What place are emerging economies likely to occupy in the science, technology and innovation landscape?
The OECD Science, Technology and Industry Outlook 2010 reviews key trends in science, technology and innovation in OECD countries and a number of major emerging economies including Brazil, China, India, Russia and South Africa. Using the latest available data and indicators, it examines topics high on the agenda of economic policy makers, including performance in science and innovation, trends in national science, technology and innovation policies and the design and assessment of innovation policy, including policy interactions and the “policy mix”. It provides individual profiles of the science and innovation performance of each country and relates these to their national context and current policy challenges.
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Luxembourg
Luxembourg is a small and stable high-income economy and has historically featured solid growth, low inflation and low unemployment. The economy has diversified from its roots in steel, and the value added by banks, insurance, real estate and other business services account for almost half of the economy’s total value added: the financial sector alone accounts for 30% of GDP. The country’s science and innovation profile demonstrates strong areas but also areas for improvement. Gross expenditure on R&D (GERD) is relatively modest, and in 2008 its 1.6% of GDP was below the OECD average. GERD per capita is quite high by comparison, and real GERD grew by 2.7% in 2008. In 2007, threequarters of GERD were financed by industry, the second highest share after Japan. At 1.2% of GDP, however, this indicator was slightly below the average in 2007. Business expenditure was 1.3% of GDP in 2008, also below the average.
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