Macro-economic consequences of European research policy: Prospects of the Nemesis model in the year 2030

Autor:	Pierre Le Mouel, Arnaud Fougeyrollas, Lionel Lemiale, Paul Zagamé, Dorothée Brécard
Rok vydání:	2006
Předmět:	Economy Management of Technology and Innovation Strategy and Management European research Economics Management Science and Operations Research Macro Investment (macroeconomics) Productivity Economic consequences
Zdroj:	Research Policy. 35:910-924
ISSN:	0048-7333
DOI:	10.1016/j.respol.2006.03.001
Popis:	Acknowledging the weakness of R&D expenditure in Europe relative to that in the United States and Japan, Barcelona's European Council agreed in March 2002 to increase investment in R&D to 3% of GDP by 2010. The aim of this paper is to assess the macro-economic consequences of such a policy, using the European macro-econometric model Nemesis. Results show that macro-economic trends can be split into two distinct phases. In the first one, growth is directly driven by R&D expenditures, while in the second phase, innovation is the engine of growth through productivity and competitiveness gains.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::61987aa2655d9a16dbb478725eec9954 https://doi.org/10.1016/j.respol.2006.03.001 Zobrazit plný text záznamu Full Text from ScienceDirect