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|Title:||Monitoring Industrial Research: Industrial R&D Economic and Policy Analysis Report 2006|
|Authors:||BRANDSMA ANDRIES; VAN BAVEL RENE; CIUPAGEA Constantin; MONCADA PATERNO' CASTELLO PIETRO; HERNANDEZ GUEVARA HECTOR|
|Other Identifiers:||EUR 22695 EN|
|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 Directorate:||Growth and Innovation|
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