The Australian Government's Innovation Report
The Australian Government's Innovation Report
The Australian Government's Innovation Report
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FIGURE 16: Investment in new equipment as a percentage of GDP compared to the OECD average<br />
100<br />
Percentage difference from the OECD average<br />
80<br />
60<br />
40<br />
20<br />
0<br />
-20<br />
-40<br />
-60<br />
Slovak Republic<br />
Czech Republic<br />
Greece<br />
Switzerland<br />
Hungary<br />
Korea<br />
Japan<br />
New Zealand<br />
Italy<br />
Mexico<br />
Austria<br />
Australia<br />
Denmark<br />
Portugal<br />
Poland<br />
Germany<br />
Sweden<br />
Spain<br />
Canada<br />
Iceland<br />
United States<br />
United Kingdom<br />
Netherlands<br />
Luxembourg<br />
Norway<br />
France<br />
Finland<br />
Ireland<br />
Source: OECD. Data from 2004.<br />
Collaboration<br />
Collaboration Activity of Innovators<br />
Collaboration has become an important strategy for innovation success in some instances because it allows<br />
firms to pool their economic and knowledge resources. <strong>The</strong> ABS innovation survey, mentioned earlier, has<br />
allowed a new collaboration measure to be included in the 2006 scoreboard. Figure 17 shows the percentage<br />
of innovating businesses (those which have introduced new or significantly improved goods, services or<br />
processes) that also have engaged in collaboration activity. Australia ranked 6 th out of the 16 European<br />
countries where comparable data were available and significantly (55%) above the average.<br />
FIGURE 17: Percentage of innovating businesses with collaboration activity as a percentage difference from the EU average<br />
200<br />
Percentage difference from the EU average<br />
150<br />
100<br />
50<br />
0<br />
-50<br />
-100<br />
Finland<br />
Norway<br />
Denmark<br />
Luxembourg<br />
Sweden<br />
Australia<br />
France<br />
Iceland<br />
Netherlands<br />
Greece<br />
Belgium<br />
Austria<br />
Germany<br />
Portugal<br />
Spain<br />
Italy<br />
Source: ABS and EuroStat. <strong>Australian</strong> Data is from 2003, European countries Data from 1998-2000.<br />
138 Backing Australia’s Ability