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Economy > Business spending in research and development (vs)
Economy > Technology index
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Strength of correlation (R squared): 0.565 (this correlation is weak)
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| Variable: |
Economy > Business spending in research and development |
Economy > Technology index |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| Definition: |
Business R&D spending as % of GDP (1999). |
The technology index denotes the country's technological readiness. This index is created with such indicators as companies spending on R&D, the creativity of its scientific community, personal computer and internet penetration rates. |
| Source: |
OECD |
World economic forum - Global Competitiveness Report 2004-2005 |
| Correlations: |
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