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Quanto e come investire in ricerca per massimizzare la crescita economica? Analisi e implicazioni di politica economica per l’Italia e l’Europa

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Author Info
Coccia Mario () (Ceris - Institute for Economic Research on Firms and Growth, Moncalieri (TO), Italy)
Abstract

This paper analyzes the relationship between economic growth and research funding. The econometric analysis show that gross domestic expenditure on R&D (GERD) as percentage of GDP is a important driver of economic growth (R2 adj = 71%) that is measured by GDP per capita. The optimization shows that the level of GERD equal to 2.6 maximizes the GDP per capita, moreover is important that GERD financed by government is lesser than 30%. The paper also discusses the research policy implications of the Lisbon Strategy, the USA, Japan, and in particular of Italy.

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File URL: http://www.ceris.cnr.it/ceris/workingpaper/2007/WP_05_07_Coccia.pdf
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Publisher Info
Paper provided by Institute for Economic Research on Firms and Growth - Moncalieri (TO) in its series CERIS Working Paper with number 200705.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 31 pages
Date of creation: May 2007
Date of revision:
Handle: RePEc:csc:cerisp:200705

Contact details of provider:
Postal: Via Real Collegio, 30 10024 - Moncalieri TO
Phone: +39-11.6824.911
Fax: +39-11.6824.966
Email:
Web page: http://www.ceris.cnr.it/
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Related research
Keywords: Economic growth; Research funding; Comparative study; Economic policy; Optimization;

Find related papers by JEL classification:
C00 - Mathematical and Quantitative Methods - - General - - - General
E00 - Macroeconomics and Monetary Economics - - General - - - General
E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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This page was last updated on 2009-11-29.


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