Edubourse.com - Janez POTOCNIK European Commissioner for Science and Research Competitiveness and Economic Growth: R&D policies and the Lisbon Agenda Round table conferencePortoro- (Slovenia), 24 November 2004:
"Yet, the evidence of the positive impact of R&D on economic growth in the economic literature is overwhelming. Studies demonstrate that up to 40 % of labour productivity growth is generated by R&D spending and that there are powerful economic spillover effects between firms, sectors and countries. (For example, the normal range of economy-wide rates of return to R&D investment found in econometric studies is from 50 ? 100 %.) "
Wednesday, November 24, 2004
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