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R&D Activities in the Machinery and Equipment Industry

Author

Listed:
  • Ali-Yrkkö, Jyrki
  • Pajarinen, Mika

Abstract

The machinery and equipment industry accounts for one-third of the R&D activities in the Finnish manufacturing sector. Since 2017, the Finnish machinery and equipment industry has increased its R&D investment more than its counterparts in other countries. In Finland, the growth rate of R&D investment in medium-sized companies has been faster than in small and large companies. However, according to a survey, small companies are expected to increase their R&D investment more than medium-sized and large companies by 2027.

Suggested Citation

  • Ali-Yrkkö, Jyrki & Pajarinen, Mika, 2024. "R&D Activities in the Machinery and Equipment Industry," ETLA Reports 156, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:report:156
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    File URL: https://www.etla.fi/wp-content/uploads/ETLA-Raportit-Reports-156.pdf
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    More about this item

    Keywords

    Research; Development; R&D; Machinery; Manufacturing;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • L64 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Machinery; Business Equipment; Armaments

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