Title: The Economic Impact of Increasing Public Support to ICT R&D: A Modelling Approach
Authors: CHRISTENSEN MARTIN
Publisher: Publications Office of the European Union
Publication Year: 2015
JRC N°: JRC97907
ISBN: 978-92-79-53358-7
ISSN: 1831-9424
Other Identifiers: EUR 27546
OP LF-NA-27546-EN-N
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC97907
DOI: 10.2791/94496
Type: EUR - Scientific and Technical Research Reports
Abstract: The report provides a quantitative analysis of the economic impacts of national public support to ICT R&D in the European Union, considering a number of policy scenarios covering different amounts of public spending, policy instruments and sources of financing. For this purpose we use a macroeconomic model with ICT and R&D-driven endogenous growth. The model accommodates a range of policy instruments that may be used to stimulate R&D activity (ICT or non-ICT) in the economy, and it captures multiple channels through which R&D activity affects the economy. The policy scenarios are simulated with the model. The simulation exercise provides some preliminary evidence that an increase in public expenditure to support ICT R&D might have a significantly positive impact on ICT sector BERD and on economic growth and employment in the EU. It also shows that the strength of this impact can be influenced by policy instruments and financing source. Additional work is needed to gain further insights into the sensitivity of these results to the assumptions and parameter settings used in the model.
JRC Directorate:Growth and Innovation

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