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Research and development expenditure is the money spent on creative work undertaken on a systematic basis to increase the stock of knowledge and the use of this knowledge to devise new applications.

Expenditure on Research and Development (R&D) refers to all expenditure on research performed at universities and at other institutions of tertiary education, regardless of whether the research is funded from general institutional funds or through separate grants or contracts from public or private sponsors. This includes all research institutes and experimental stations operating under the direct control of, or administered by, or associated with, higher education institutions.
(Education at a Glance, OECD, Paris, 2002, Glossary)

Source Publication:
Measuring the ICT Sector: Information Society, OECD, 2000, Data Item Definitions, Data Sources and Methodologies, page 152.

Statistical Theme: Information and communication technology

Created on Tuesday, September 25, 2001

Last updated on Friday, December 2, 2005