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OECD Science, Technology and Innovation Outlook 2016

image of OECD Science, Technology and Innovation Outlook 2016

The fully revamped and re-titled OECD Science, Technology and Innovation Outlook is a biennial publication that aims to inform policy makers and analysts on recent and future changes in global science, technology and innovation (STI) patterns and their potential implications on and for national and international STI policies. Based on the most recent data available, the report provides comparative analysis of new policies and instruments being used in OECD countries and a number of major emerging economies (including Brazil, China, India, Indonesia, the Russian Federation and South Africa) to boost the contribution of science and innovation to growth and to global and social challenges. In this edition, detailed country and policy profiles are available on line.

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Austria

Austria is a small and open advanced European economy which has seen rapid progress in its research and innovation system. Keeping up the dynamic development of the Austrian innovation system is an important task. After nearly two decades of sustained growth, the expansion of R&D expenditure has slowed in the aftermath of the financial crisis, and constraints on public R&D expenditure are tight in current budgets. A major challenge is therefore to increase the efficiency of current spending and to continue structural and institutional reforms in research organisations and public administration while launching new initiatives to address some of the main bottlenecks perceived in the research, technology and innovation system. Innovation is critical for generating sustained productivity growth, especially in advanced economies. In Austria, labour productivity varies considerably across sectors. While it remains on a constant high level in manufacturing, services and construction sectors lag behind. Overall labour productivity slightly declined since 2013. In 2011, the Austrian Council of Ministers announced its Research, Technology and Innovation (RTI) Strategy for 2011­20. The Action Plan for a Competitive Research Area, launched in 2015, presents the measures taken by the Federal Ministry of Science, Research and Economy in order to implement the RTI strategy.

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