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OECD Reviews of Innovation Policy: Luxembourg 2016

image of OECD Reviews of Innovation Policy: Luxembourg 2016

This book provides a comprehensive assessment of the innovation policy of Luxembourg. It is the second such OECD review of Luxembourg's innovation system, following an earlier review published in 2007. Since that time, the system has undergone profound change, notably a rapid expansion in the scale and scope of public sector research, which offers new opportunities for Luxembourg, but also new challenges for innovation policy. The review focuses on the role of government and includes concrete recommendations on how to improve policies that affect innovation and R&D performance.

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Economic and innovation performance in Luxembourg

This chapter discusses Luxembourg’s macroeconomic performance. The first section presents salient features of the Luxembourg economy – such as its openness to international trade and investment, and the important role of services – (especially financial services) – and sketches patterns of structural change in production and trade. It also looks at the current state of framework conditions as they relate to entrepreneurship and innovation. It concludes with a brief discussion of the role of innovation in the country’s longer-term economic development. The second section reviews Luxembourg’s aggregate innovation performance relative to other OECD countries with comparable levels of innovation system development, size and geographical proximity. It starts by examining expenditure across institutional sectors (business, higher education and government) and considers the human resources for innovation. It then reviews indicators of innovation output (drawn from bibliometric and patent data) to highlight some qualitative characteristics of Luxembourg’s innovation system.

English

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