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OECD Science, Technology and Industry Outlook 2008

image of OECD Science, Technology and Industry Outlook 2008

The OECD Science, Technology and Industry Outlook 2008 reviews key trends in science, technology and innovation in OECD countries and a number of major non-member economies including Brazil, Chile, China, Israel, Russia and South Africa. Using the latest available data and indicators, the book examines topics high on the agenda of science and innovation policy makers, including science and innovation performance; trends in national science, technology and innovation policies; and practices to assess the socio-economic impacts of public research. This volume also provides an individual profile of the science and innovation performance of each country in relation to its national context and current policy challenges.

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Hungary

Hungary continues to catch up to living standards in other OECD countries, and productivity has grown at an annual average of 4.3% from 2001 to 2006. However, progress has been offset by unstable public finances, which have undermined business confidence and prompted firms to focus on the short term to the detriment of longer-term goals such as investment and innovation. Ongoing reforms to restore predictability in the macroeconomic and regulatory environment are an essential prerequisite for improved innovation performance.

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