Monitoring Industrial Research: Industrial R&D Economic and Policy Analysis Report 2006
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.
BRANDSMA Andries;
VAN BAVEL Rene;
CIUPAGEA Constantin;
MONCADA PATERNO' CASTELLO Pietro;
HERNANDEZ GUEVARA Hector;
2007-04-24
JRC36335
978-92-79-05129-6,
EUR 22695 EN,
OP LF-NA-22695-EN-C,
Additional supporting files
| File name | Description | File type | |
|---|
