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Integrating Economic Policy and Technology Policy in the EU

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  • Nick Von Tunzelmann
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    Abstract

    [eng] The paper investigates the links between technology policy and macroeconomic policy, most explicitly for the EU. It uses a modified AS/AD framework to show how increases of aggregate demand in the form of (say) fiscal policy could feed through to induced gains in technology and growth. The argument is supported by empirical evidence suggesting a correlation running from GDP (etc.) to technology as well as the converse. Several « transmission mechanisms » are discussed as likely to bring about such mutual linkages. The paper then draws policy implications, which favour a more controlled economic expansion than the « stability » currently in vogue in the EU. [fre] L'article étudie les liens entre la politique macro-économique et la politique technologique plus spécifiquement au niveau européen. On utilise le cadre de l'offre et de la demande agrégées pour montrer comment par exemple une augmentation de la demande globale due à une politique fiscale avantageuse pourrait alimenter des progrès en termes de technologie et de croissance. Cette argumentation est validée par des observations empiriques suggérant des corrélations allant de la croissance du produit vers le progrès technologique (plutôt que des causalités inverses). Plusieurs mécanismes de transmission sont discutés. De ces interrelations, on tire quelques implications de politique, qui sont en faveur d'une croissance économique contrôlée et en opposition avec la « stabilité » actuellement en vogue dans l'Union européenne.

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    File URL: http://dx.doi.org/10.3406/rei.2004.3037
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    File URL: http://www.persee.fr/articleAsPDF/rei_0154-3229_2004_num_105_1_3037/rei_0154-3229_2004_num_105_1_3037.pdf?mode=light
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    Bibliographic Info

    Article provided by Programme National Persée in its journal Revue d'économie industrielle.

    Volume (Year): 105 (2004)
    Issue (Month): 1 ()
    Pages: 85-104

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    Handle: RePEc:prs:recind:rei_0154-3229_2004_num_105_1_3037

    Note: DOI:10.3406/rei.2004.3037
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    Web page: http://www.persee.fr/web/revues/home/prescript/revue/rei

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    Cited by:
    1. Mulas-Granados, Carlos & Sanz, Ismael, 2008. "The dispersion of technology and income in Europe: Evolution and mutual relationship across regions," Research Policy, Elsevier, vol. 37(5), pages 836-848, June.
    2. Filippetti, Andrea & Archibugi, Daniele, 2010. "Innovation in Times of Crisis: The Uneven Effects of the Economic Downturn across Europe," MPRA Paper 22084, University Library of Munich, Germany.
    3. Filippetti, Andrea & Archibugi, Daniele, 2011. "Innovation in times of crisis: National Systems of Innovation, structure, and demand," Research Policy, Elsevier, vol. 40(2), pages 179-192, March.

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