The growth effects of R&D spending in the EU: A meta-analysis

Artikel

In this paper we conduct a meta-analysis to examine the link between R&D spending and economic growth in the EU and other regions. The results suggest that the growth-enhancing effect of R&D in the EU15 countries does not differ from that in other countries in general, but it is less significant than that for other industrialized countries. A closer inspection of the data reveals that the weak results for the EU15 stem from comparisons with the US - the US has been able to generate a stronger growth response from its R&D spending. Possible explanations for the US advantage include higher private sector investment in R&D and stronger public-private sector linkages than in the EU. Hence, to reduce the "innovation gap" vis-à-vis the US, it may not be enough for the EU to raise the share of R&D expenditures in GDP: continuous improvements in the European innovation system will also be needed, with focus on areas like private sector R&D and public-private sector linkages.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Economics: The Open-Access, Open-Assessment E-Journal ; ISSN: 1864-6042 ; Volume: 9 ; Year: 2015 ; Issue: 2015-40 ; Pages: 1-26 ; Kiel: Kiel Institute for the World Economy (IfW)

Classification and Topics

• Classification: Wirtschaft ; Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access ; Economic Growth of Open Economies ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Economywide Country Studies: U.S.; Canada ; Economywide Country Studies: Europe
• Subject: meta-analysis ; R&D ; European Union ; EU15 ; Economic Growth

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kokko, Ari ; Tingvall, Patrik Gustavsson ; Videnord, Josefin
• Event: Veröffentlichung
• (who): Kiel Institute for the World Economy (IfW)
• (where): Kiel
• (when): 2015

Further information

• DOI: doi:10.5018/economics-ejournal.ja.2015-40
• Handle: http://hdl.handle.net/10419/122200
• Last update: 10.03.2025, 11:44 AM CET