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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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Estonia

Estonia is a small European economy, which has experienced turbulence since 2009 from severe contraction in the course of the global financial crisis. While economic growth was 1.6% in 2013, private consumption has boosted it back to a level of 1.9% in 2016 with a projection of 2.4% for 2017. Following the Knowledge-based Estonia II Research and Development and Innovation (RDI) Strategy (2007‑13), the government has created two medium-term strategies: the Estonian RDI Strategy (Knowledge‑based Estonia, 2014‑20) and the Estonian Entrepreneurship Growth Strategy (2014‑20). The overall aim of the development of RDI is to create favourable conditions for an increase in productivity and in the standard of living, for good-quality education and culture, and for the country’s overall development. The Strategy for R&D and Innovation targets GERD at 3% of GDP and BERD at 2% of GDP by 2020.

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