Indicators of the innovation system

The innovation capacity of a country is not only determined by its level of research and development, but also by its capacity to convert knowledge into new products, processes, organisational structures, which in turn generate economic growth. The innovation performance is also influenced by the socio-economic profile of the country, by the business environment, the degree of entrepreneurship, the access to finance…

Socio-economic context

Development of a national or regional innovation system is impacted by a series of socio-economic factors: macroeconomic environment (GDP, value added, employment rate, productivity, exports, competitiveness), demographic evolution, economic specialisation, the available infrastructure,…

With the Stability and Growth Pact, the EU Member States committed themselves "to respect the medium-term budgetary objective of positions close to balance or in surplus, set out in their stability or convergence programs..." (Resolution of the European Council on the Stability and Growth Pact. Amsterdam, 17 June 1997).