News

  • The internationally recognised methodology for collecting and using R&D statistics, the OECD's Frascati Manual is an essential tool for statisticians and science and innovation policy makers worldwide. It includes definitions of basic concepts, data collection guidelines, and classifications for compiling R&D statistics. This updated edition contains improved guidelines reflecting recent changes in the way R&D takes place and is funded and the wider use of R&D statistics and definitions. It provides new chapters dedicated to the pratical aspects of collecting R&D data in different sectors, as well as new guidance on capturing different aspects of public support for R&D such as tax incentives.

  • According to the new OECD report, countries should step up their investment in long-term R&D to develop frontier technologies that will reshape industry, healthcare and communications and provide urgently needed solutions to global challenges like climate change.A breakdown of patent data in the OECD Science, Technology and Industry Scoreboard 2015 puts the United States, Japan and Korea far in the lead in a new generation of “disruptive” technologies in advanced materials, health, and information and communication technology that have the potential to displace existing processes. Korea, in particular, has made great strides in these fields recently. While Korea’s public R&D spending has quadrupled in real terms since 2000, reaching 1.2% of GDP in 2014, public R&D spending in many advanced economies has stagnated or experienced significant fluctuations, averaging less than 0.7% of GDP in 2014 in the OECD area.

    Click on the link below to access the full report.

  • The OECD Committee for Scientific and Technological Policy is holding its 2015 Ministerial-level meeting in Daejeon, Republic of Korea, on 20-21 October. The meeting, hosted by the Korean government, has the theme of "Creating our Common Future through Science, Technology and Innovation”. Six core topics will be addressed by Ministerial discussions: (1) Making innovation strategies work: improving the design and implementation; (2) Enhancing the impact of public investment in science and innovation; (3) Science policies for the 21st century: Open science and big data; (4) Science and Innovation for health; (5) New technologies for a sustainable future and the green economy; and (6) Science and innovation for global inclusiveness.

  • The OECD has published a revised version of its Innovation Strategy – The Innovation Imperative: Contributing to Productivity, Growth and Well-Being. The report calls on governments to stop policies that unduly favour incumbents, given that young firms are crucial in driving innovation, job creation and growth. With the digital economy and the sharing economy changing the business landscape by allowing new ideas and business models to emerge, it is more urgent than ever to give young firms the means to experiment with new technologies and organisational models. The report also calls on policy makers to think long-term, to provide more grants and fewer tax incentives, and to learn from experience through greater monitoring and evaluation. Furthermore, the report calls attention to the role of skills, an open and competitive business environment, access and participation in the digital economy, and the need for countries to adapt policies to their specific national and sector challenges.

  • The G20 called on the OECD and World Bank to analyse the ways in which SMEs and low-income countries can better integrate into GVCs. The resulting report, presented on 6 October 2015 to G20 Trade Ministers, highlights the importance of ensuring access to ICT networks – in particular broadband – as well as stimulating innovation, in particular by enhancing the ability of SMEs to manage and protect their intellectual assets, to better GVC integration. At the same time, the report underscores the importance of helping small firms scale up quickly and so better integrate in GVCs by lowering barriers to the entry, growth and exit of firms. Countries should also avoid favouring incumbents over new firms.

  • Investment and growth in OECD economies is increasingly driven by investment in intangible assets, also known as knowledge-based capital (KBC). In many OECD countries, firms now invest as much or more in KBC as they do in physical capital such as machinery, equipment and buildings.

    The rise of KBC creates new challenges for policymakers, business and the statisticians that measure economic activity. New thinking is needed to update a range of policy frameworks – from tax and competition policies to corporate reporting and intellectual property rights. As part of phase two of the KBC project, this report takes a closer look at IP’s role in OECD economies while examining some of the most significant changes to the landscape in which it is operating.

  • Seizing the benefits from data-driven innovation (DDI) requires governments to encourage investments in data, promote data sharing and reuse, and reduce barriers to cross border data flows that could disrupt global value chains. At the same time, governments will need to strike the right balance between the social benefits of “openness”, and individuals’ and organisations’ legitimate concerns, including the protection of privacy and intellectual property rights.

    This report argues that data and data analytics have become an essential driver of innovation akin to scientific research and development (R&D). It also argues that governments must redefine infrastructure in the 21st Century to include not only broadband networks and cloud computing, but also data itself.

  • The efficiency and effectiveness of policy for science, technology and innovation (STI) is important for many reasons. STI is key to long-term economic growth and higher standards of living. Breakthroughs in STI are needed to address global challenges in cost-effective ways, in areas ranging from climate change to disease threats and the consequences of population ageing. Good policy for STI is also critical because much essential scientific and technical knowledge is lacking, while the pace of innovation is insufficient in some crucial fields such as energy generation. Well-conceived policy is likewise needed to respond to complex economic and institutional dynamics associated with new technologies, such as the loss of jobs to machines.

    In recent years, almost all major themes in policy for STI have been examined by the OECD’s Committee for Scientific and Technological Policy (CSTP). This report provides a synthesis of the policy lessons learned through CSTP’s work. Equally, the report aims to identify the most important unanswered questions about policies for STI. Drawing on CSTP’s work and a wider literature review, this publication describes the additional information and analyses that might be of most use to policy makers.

  • OECD countries are making increased efforts to develop their digital economies in a way that will maximise social and economic benefits, but now need to address the risk of disruption in areas like privacy and jobs, according to a new OECD report.

    The OECD Digital Economy Outlook 2015 finds that most countries have moved from a narrow focus on communications technology to a broader digital approach that integrates social and economic priorities. Yet no OECD country has a national strategy on online privacy protection or is funding research in this area. The report - which covers areas from broadband penetration and industry consolidation to network neutrality and cloud computing in OECD and partner countries like Brazil, Colombia and Egypt - also says more should be done to offer information and communication technology skills training to help people transition to new types of digital jobs.

  • The slowdown in productivity over the past decade has added to concerns about the long-term economic outlook, but the OECD’s latest work on The Future of Productivity identifies impediments to future growth and proposes policies to address them. The new OECD research shows that the gap between high productivity firms and the rest has been increasing over time, suggesting that there are barriers to the diffusion of new innovations.

    Policy reforms to be considered are measures to revive the diffusion of innovation and to make better use of human talent. These include bankruptcy laws that don’t penalise failure, innovation policies that ensure a level playing field between incumbents and new entrants, encouraging public investment in basic research, housing market policies that facilitate residential mobility, the promotion of adult and lifelong learning, and employment protection legislation that does not impose too heavy or unpredictable costs on hiring and firing.