Fig. 15
From: The role of innovation-led profits in the development of an international financial centre
Source: Cheung et al. (2015) based on OECD and Hong Kong Government data
Does the Qianhai-Model of Innovation-System Development Serve Hong Kong Better than a Scandinavian One? The figure shows spending on R&D as a percent of GDP. The red part shows government R&D spending (as a percent of GDP) while the entire bar shows total spending. Such a dichotomization highlights the role of government versus private sector in funding R&D.