An error occured. Details Hide
You have unsaved pages. Restore Cancel
 370    1   Export
More Actions

According to endogenous growth theories, innovations is one of the key drivers of economic growth. To boost innovations and technical progress, countries spend a lot of money on Research and Development. In most developed countries expenditures on research and development exceed 2% of GDP. And about 70-75% of R&D expenditures are covered by private business corporations.

Last updated: