A CONCEPTUAL SYSTEMS DYNAMICS MODEL OF RESEARCH AND DEVELOPMENT ACTIVITIES IN SOUTH AFRICA

Abstract

Research and Development (R&D) is one of the key sub-functions of a National System of Innovation (NSI). It is the primary point of entry for new scientific development and a key focus for industrial innovation. Recent trends show evidence of disinvestments and decay of South Africa’s R&D capacity. The problem investigated in this study is the delayed effect and influence R&D investment has on the system’s ability to produce R&D output. System Dynamics modelling is an excellent tool to assess a system’s ability to adjust to change and the impact of new decisions that have to be made. The conceptual design of a System Dynamics model of R&D activities is presented. The theoretical underpinning and main assumptions made in deriving and developing the model are also discussed. OPSOMMING