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About Role of Innovation in Global Economic Development - An Empirical Study PDF
The document discusses the role of innovation in global economic development through an empirical study. It aims to study the relationship between research and development (R&D) expenditures and patents of developed economies and how this leads to innovation and economic growth. The key findings are: 1) Global R&D expenditures have increased over time at a compound annual growth rate of 5.5% from 2002-2013, reaching $638 billion despite a dip during the 2009 recession. 2) The sectors spending the most on R&D are computing and electronics (27% of total), healthcare (22%), and automotive (16%). Software/internet saw the largest spending increase from 2012-2013. 3) A
Detailed Information
| Author: | ['archerselevators'] |
|---|---|
| Publication Year: | 2014 |
| Pages: | 9 |
| Language: | English |
| Format: | |
| Price: | FREE |
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