Increase in GERD fails to keep pace with Canada’s robust economic growth

Guest Contributor
December 22, 2005

Increased funding for the higher education sector is helping to boost Canada’s gross expenditures on R&D (GERD) to a projected $26.3 billion in 2005, up 4% increase from 2004, and 5.3% from 2003. Canada’s impressive R&D performance after a period of stagnation in 2001 and 2002 does not translate into a higher GERD/GDP ratio, however, due to robust economic growth that outstripped greater R&D expenditures.

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