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European Productivity Gaps: Is R&D the solution?

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Author Info

  • Meister, C.

    (Ecis)

  • Verspagen, B.

    (ECIS, Eindhoven University of Technology)

Abstract

This paper investigates the potential impact of increased business R&D efforts in Europe on the total factor productivity gap between European and U.S. industry. The paper addresses Europe’s ambition, expressed at the 2000 Lisbon Summit to become “the most competitive and dynamic knowledge-based economy in the world”, and the 3% R&D intensity target for Europe formulated at the 2002 Barcelona Summit. Based on existing empirical models from the literature on productivity and R&D expenditures, we provide projections on the expected productivity impacts of increased R&D in manufacturing industries. The results suggest that raising European R&D is not a complete solution to the European productivity backlog relative to the U.S. We also find that the most dramatic impacts may be expected from raising R&D in so-called low-tech sectors.

(This abstract was borrowed from another version of this item.)

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Bibliographic Info

Paper provided by Eindhoven Center for Innovation Studies (ECIS) in its series Eindhoven Center for Innovation Studies (ECIS) working paper series with number 04.03.

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Date of creation: 2004
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Handle: RePEc:dgr:tuecis:0403

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Web page: http://ecis.ieis.tue.nl/

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Keywords: R&D; productivity; European;

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References

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Citations

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Cited by:
  1. Capolupo, Rosa, 2009. "The New Growth Theories and Their Empirics after Twenty Years," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 3(1), pages 1-72.
  2. Freeman, Christopher & Soete, Luc, 2009. "Developing science, technology and innovation indicators: What we can learn from the past," Research Policy, Elsevier, vol. 38(4), pages 583-589, May.
  3. Dumont M., 2006. "Technological performance of Belgium: is it really so bad?," Working Papers 2006024, University of Antwerp, Faculty of Applied Economics.
  4. Sabine Visser, 2007. "R&D in Worldscan," CPB Memorandum 189, CPB Netherlands Bureau for Economic Policy Analysis.
  5. Garavaglia, C., 2004. "History friendly simulations for modelling industrial dynamics," Eindhoven Center for Innovation Studies (ECIS) working paper series 04.19, Eindhoven Center for Innovation Studies (ECIS).
  6. Ernest Gnan & Juergen Janger & Johann Scharler, 2004. "Determinants of Long-Term Growth in Austria — A Call for a National Growth Strategy," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 23-46, May.
  7. Van Hemert, Patricia & Nijkamp, Peter, 2008. "Critical Success Factors for a Knowledge-Based Economy: An Empirical Study into Background Factors of Economic Dynamism," Papers DYNREG28, Economic and Social Research Institute (ESRI).

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