China's annual R&D investment growth of between 6 percent and 7 percent outpaces the U.S. R&D growth rate of 3 percent to 4 percent, writes John Wu in Innovation Files.

Innovation Fact of the Week: China Projected to Pass U.S. R&D Investment by 2025

The has been a growing disparity across the globe between the governments that are choosing to prioritize innovation and those that aren’t. Recent analysis reflects this, comparing the growth of public R&D funding between 2008 and 2016 across eight major countries.

Fact of the Week: Switzerland Increased Its Public R&D Investment by 79 Percent Between 2008 and 2016, Nearly 4 Times More Than the United States

A recent discussion paper finds that among the G-20 economies, a 1 percentage point increase in public R&D investments as a share of GDP corresponds to a 9.57 percent increase in economic growth, writes John Wu in Innovation Files.

Fact of the Week: Among G-20 Economies, a One Percentage Point Increase in Public R&D Investment as a Share of GDP Corresponds to a 10 Percent Increase in Economic Growth

Fact of the Week: US R&D Is Estimated To Have Increased to $792 Billion in 2021

A report by the IMF indicates that rising government debt in advanced economies results in a decline in economic growth, particularly affecting industries that depend heavily on research and development (R&D), such as high-tech industries.

Fact of the Week: High Government Debt Leads to Significant Declines in Economic Growth for R&D Intensive Industries

On average, a 0.5 percent increase in research, education funding, and university spots increases long-run growth by 2.6, 4.7, and 1.3 percentage points, respectively.

Fact of the Week: Increasing Research, Education, and University Slots With a 0.5 Percent Subsidy Could Increase Long-Run Growth Between 1 and 4 Percentage Points

According to the BEA’s R&D Satellite Account, R&D value added has increased in real terms from 2013 to 2023 by 63 percent.

Fact of the Week: US R&D Value Added Has Increased by 63 Percent from 2013 to 2023

A report by the tech research company Digital Science found that, in 2019, 500,000 publications or 10 percent of the world’s total, related to the 17 sustainable development goals (SDGs) outlined by the United Nations.

Fact of the Week: The Share of Global Research Dedicated to U.N. Development Goals Tripled Over the Past 20 Years

This spike in both volume and share of AI-related R&D from government agencies illustrates a long-term commitment of countries like the United States to direct public investment toward AI innovation.

Fact of the Week: R&D Investment Is Slowing in OECD Countries, From 3.6 Percent to 2.4 Percent

Related

Innovation Fact of the Week: China Projected to Pass U.S. R&D Investment by 2025

Fact of the Week: Switzerland Increased Its Public R&D Investment by 79 Percent Between 2008 and 2016, Nearly 4 Times More Than the United States

Fact of the Week: Among G-20 Economies, a One Percentage Point Increase in Public R&D Investment as a Share of GDP Corresponds to a 10 Percent Increase in Economic Growth