Innovation in Canadian Natural Resource Industries

Download or read book Innovation in Canadian Natural Resource Industries written by Andrew Sharpe and published by . This book was released on 2012 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation is an important driver of productivity growth, which in turn is a major source of improvement in living standards. Given the growing importance of the natural resources sector in the Canadian economy, innovation in this sector is particularly relevant. This report, using a systems-of-innovation approach, analyzes the innovation performance of the Canadian natural resources sector by comparing it to that of the Canadian business sector as a whole. Among the many indicators discussed, the report looks at R & D expenditures, workers' education and skills, machinery and equipment investment, and the use of information and communication technologies. The key conclusion of the report is that the overall innovation performance of the Canadian natural resources sector is strong and has improved in recent years. However, there is still room for improvement, especially in terms of R & D intensity and labour force skills.