Insufficient R&D expenditure hampers service competitiveness in OECD countries

Insufficient R&D expenditure hampers service competitiveness in OECD countries

Weak Signal's progress: advanced

This Weak Signal came from: 
Academic/scientific journals

The source of this Weak Signal: 
Kaartemo, Kaivo-oja and Inkinen (2010) Insufficient expenditure on R&D as a determinant of poor service competitiveness in OECD countries, Bilbao ISPIM conference (Dynamics of Innovation

When did the Weak Signal manifest ? 
2005-now

Weak Signal's description 
The article by Kaartemo, Kaivo-oja and Inkinen (2010) discusses the correlation of service innovation input with international competitiveness. The study is based on longitudinal trend analysis of official statistics. Firstly, the article relies on export trade data by WTO in 1982-2007. Secondly, the article is based on the OECD data on R&D input in service in 1981-2007. We are able to indicate that the OECD countries have lost their service competitiveness. Poor performance can be explained by insufficient business expenditure on R&D in service industries. The article is among first of a kind which analyses the correlation between service innovation input and output. Therefore, it is expected to be an important contribution in the field of service innovation research. The research findings are of utmost importance to the decision-makers and business managers by indicating how R&D in service contributes to international competitiveness.