Title: Monitoring Industrial Research: Industrial R&D Economic and Policy Analysis Report 2006
Authors: BRANDSMA ANDRIESVAN BAVEL RENECIUPAGEA ConstantinMONCADA PATERNO' CASTELLO PIETROHERNANDEZ GUEVARA HECTOR
Publication Year: 2007
JRC Publication N°: JRC36335
ISBN: 978-92-79-05129-6
Other Identifiers: EUR 22695 EN
OPOCE LF-NA-22695-EN-C
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC36335
Type: EUR - Scientific and Technical Research Reports
Abstract: This paper addresses a series of key policy questions in industrial R&D. It questions whether EU growth suffers from underinvestment in R&D, or whether the lack of R&D is a reflection of more general imperfections of the single market. It also elaborates on the finding that EU companies in sectors with traditionally high levels of R&D spend as much on R&D as their competitors. This is combined with evidence from surveys showing that lack of funding for R&D is not the most binding constraint for investing companies. It also builds on the notion that the internationalisation and outsourcing of R&D appears to carry on regardless of differences in government financial support. One conclusion, therefore, is that market-oriented reforms and complementary policies to improve the structure of the European economy may be more effective in raising R&D expenditures – and in generating growth through innovation – than direct incentives.
JRC Institute:Institute for Prospective Technological Studies

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