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Innovation in New Brunswick

Author

Listed:
  • Kimberly Wong

Abstract

This report is part of a research project on the linkages between innovation and productivity in New Brunswick, prepared for the Atlantic Institute for Policy Research at the University of New Brunswick. This report examines the innovation situation in New Brunswick by analyzing the levels and trends of seven indicators of innovation: R&D spending, R&D personnel, patents, firm-based innovation statistics, non-residential fixed investment, investment in intellectual property products, and business entry. This report finds that New Brunswick’s state of innovation was weak compared to the other provinces, but has improved over time. New Brunswick ranked below the national average for all seven innovation indicators, with especially poor results for business R&D spending and personnel, patents, and firm-level innovation. However, New Brunswick enjoyed an absolute and relative improvement in five of seven indicators: R&D spending, R&D personnel, patents, firm-based innovation statistics, and investment in intellectual property products. Results for only two indicators—non-residential fixed capital investment and number of active businesses—deteriorated.

Suggested Citation

  • Kimberly Wong, 2020. "Innovation in New Brunswick," CSLS Research Reports 2020-08, Centre for the Study of Living Standards.
    • Handle: RePEc:sls:resrep:1914
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    Keywords

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    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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