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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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Executive summary

The overriding task of Luxembourg’s innovation policy is to strengthen innovation as a driver of sustainable growth and increased standards of living. The Luxembourg government expects innovation to make important contributions to future productivity growth and to lead to further diversification of the economy through the development of new high value-added economic activities in non-financial services and manufacturing. High value-added activities tend to be technology- and knowledge-intensive and require investment in human resources, research and development (R&D) and innovation. The government has made significant investments along these lines, contributing to a major transformation of the Luxembourg innovation system over the last 15 years.

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