The effect of innovative SMEs' growth to the structural renewal of the EU economy - A projection to the year 2020 –
AbstractThe Policy Brief addresses the following question: To what extent the high-growth of current innovative R&D-intensive SMEs can drive the envisaged structural change of the EU economy towards high R&D intensive sectors? It aims to contribute to the debate about how to set the right priorities and find the most appropriate policy interventions to allow Europe to reach the 3% R&D intensity target and hence its growth and employment objectives. It first summarises stylised findings from the literature on the relevance of innovative companies for economic growth, then presents results from a recent JRC-IPTS study which go some way towards answering the question posed above, and concludes by outlining some of the contributions that enrich the policy debate.
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Bibliographic InfoPaper provided by Institute for Prospective and Technological Studies, Joint Research Centre in its series JRC-IPTS Working Papers with number JRC83400.
Length: 9 pages
Date of creation: Jul 2013
Date of revision:
Industrial Economics; Corporate R&D and innovation; industrial R&D investment; economic performance of the private sector; productivity; business trends; research; innovation; technological innovation; intangible assets; competitiveness; growth and employment; company growth; scoreboard; survey; economic analysis; policy analysis; Europe 2020 strategy;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-09-06 (All new papers)
- NEP-CSE-2013-09-06 (Economics of Strategic Management)
- NEP-INO-2013-09-06 (Innovation)
- NEP-SBM-2013-09-06 (Small Business Management)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Michele Cincera & Reinhilde Veugelers, 2013.
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