R&D the biggest business casualty of Covid-19?

OUTPUT TYPE: Policy briefs
PUBLICATION YEAR: 2021
TITLE AUTHOR(S): A.Kasongo, N.Mustapha
KEYWORDS: BUSINESS ECONOMICS, COVID-19, ECONOMIC GROWTH, RESEARCH AND DEVELOPMENT (R&D)
DEPARTMENT: Centre for Science, Technology and Innovation Indicators (CESTII)
Print: HSRC Library: shelf number 12075
HANDLE: 20.500.11910/16260
URI: http://hdl.handle.net/20.500.11910/16260

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Abstract

While the overall economic impact of the Covid-19 pandemic is still unfolding, there are strong indications that it is causing the largest economic downturn since the 2008 financial crisis. In 2020, the South African government implemented lockdown regulations, to safeguard the population, but had adverse effects on businesses and economic activity at large. This brief assesses the effects on firms with research and development (R&D) activity, and appeals for action to protect the national system of innovation.