Monday, March 27, 2006

 
ECONOMICS & INNOVATION. NOTES ON EUROPE & INNOVATION (II). THE OECD JOINS THE FRAY
. OECD. Economic Policy Reform: Going for Growth 2006

Innovation, it would seem, is the new mantra for businesses, economists and even policy-makers. The OECD has joined the fray with its annual periodical on structural policy developments, Going for Growth. The 2006 edition seeks to extend "the scope of performance and policy indicators to the area of innovation":

"Innovation has long been a key source of progress in material living standards but the outcomes of innovation efforts are generally highly uncertain and the benefits for society as a whole may exceed those for private firms. To encourage innovation, governments have therefore put in place various measures such as financial support for private R&D projects and funding for research in universities. [Chapter 3] provides a cross-country comparison of innovation efforts and outcomes as well as of the main policy areas having an influence on those outcomes."

Individual EU countries are assessed, in terms of their "innovation performance", in chapter 4.

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