service innovation and the EU economy
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2005 presentation on service innovation, productivity, R&D, and EU performance
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service innovation and the EU economy
- 1. Service Innovation and the European Economy - from Lisbon to London Ian Miles PREST, MBS, University of Manchester [email_address]
- 4. EU falls behind in research By Clive Cookson in London and George Parker in Brussels Published: October 23 2005 The European Union has fallen further behind the rest of the world in research and development spending according to new figures published on Monday⊠The increase in corporate R&D investment for 2004-05 was 2 per cent in Europe but 7 per cent in the US and Asia, according to the International R&D Scoreboard. South Korea had the most spectacular annual growth in R&D investment - 40 per cent - led by Samsung Electronics, Hyundai Motor and LG Electronics. The increase for Japan was a more modest 4 per cent. Europe's failure to keep pace with its competitors in "a race to the top" will be a key theme of this Thursday's EU summit at Hampton Court, near London. ⊠A priority of the British presidency of the EU is to refocus the Union's âŹ100bn-a-year budget towards R&D and away from traditional support for farming and struggling regionsâŠ. The R&D research and development scoreboard ⊠lists the world's top 1,000 companies by R&D spendingâŠ. European companies as a whole have not increased R&D investment over the past four years, while their US counterparts are spending 12 per cent more on R&D than their four-year average. âŠ.
- 5. The EU service economy Percentage Shares of Employment Service sectors are reported here: there are also growing shares of service activities within firms in other sectors sector ^
- 9. In general - servicesâ R&D growing faster US EU15 Services and R&D But is this a statistical artefact - improved measurement? Real Growth Rates of Business Expenditure on R&D as a share of GDP, 1987-1999
- 11. (Technology) Innovation Expenditure, Leading Services
- 13. Overall â services are slightly less likely to innovate But some services â especially KIBS â are highly innovative. Innovative effort also tends to be lower, and focused on acquisition. And many of these are sources of innovation for whole economy Typically â poorer links to innovation systems.
- 14. Services Innovation Styles differ Source: Howells and Tether 2004
- 15. Barriers to Innovation 1998-2000 (CIS3) Lack of Innovation Economic Lack of Lack of Organisl. Lack of Regulatory Lack of Financing costs costs personnel market rigidities technical constraints response information information source: Pilat presentation of CIS3 data