Relationship between R&D and innovation: implications for the Scottish Innovation Strategy

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Abstract

It is widely accepted that innovation is precursor to competitiveness and growth. It is also believed that the innovative performance of a country is linked with its investments in R&D. Driven by such thinking, the devolved government of Scotland, spends considerable resources on promoting R&D in Scotland. This paper examines wide-ranging evidence, including that published by the Scottish Government, to show that innovation performance of businesses in Scotland is independent of its R&D expenditure and that Scotland cannot hope to become a more competitive region by spending more on R&D. There is thus a need of rethinking on innovation strategy in Scotland.
Original languageEnglish
Title of host publicationSustainability and development: paradigm shift in knowledge creation and innovation
EditorsA. Singh, J. Mitra, N. Awasthy
Place of PublicationNew Delhi
PublisherBloomsbury Publishing Company
ISBN (Print)9789382563587
Publication statusPublished - 2013

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