Lock-In Effects Of Eu R&D Spending On Regional Growth. A Non-Parametric And Semi-Parametric Conditional Quantile Regressions Approach
Abstract
The purpose of this paper is twofold. First, we study the allocation of European Union (EU) expenditure in Research and Development (R&D) across European regions. Second, we focus on the effects of this variable on regional per capita GDP levels, and on regional growth rates. Using non-parametric and semi-parametric conditional quantiles, we found empirical evidence in favour of different effects of R&D expenditure among conditional quantiles of the per capita income distribution, and of the growth rates distribution. Moreover, we find a ?lock-in effect? of R&D spending. A positive relation between growth rates and this component of the EU expenditure is estimated for regions with higher growth rates, with these regions tending to have a higher and common growth rate as R&D expenditure increases. Furthermore, slow growth regions seem to approach to a common but lower growth rate. The estimates relative to the relationship between the per capita regional GDP and the R&D spending confirm these findings. El objetivo de este trabajo es doble. Primero, se asignan los gastos enInvestigación y Desarrollo (I+D) de la Unión Europea (EU) entre las regiones de lospaíses miembros. Segundo, se estudian los efectos de dicha variable sobre ladistribución del Producto Interior Bruto (PIB) per cápita y sobre la distribución de lastasas de crecimiento del PIB. Utilizando estimaciones cuantílicas condicionales noparamétricasy semi-paramétricas se encuentra evidencia empírica de efectosdiferenciados de los gastos en I+D sobre los cuantiles de dichas distribuciones. Además,se encuentra un efecto ¿cerrojo¿ del gasto europeo en I+D: existe una relación positivaentre este tipo de gasto y las tasas de crecimiento del PIB para regiones con altas tasasde crecimiento. Las regiones con bajos niveles de crecimiento tienden a crecer a tasasinferiores. Las estimaciones relativas al efecto del gasto en I+D sobre la distribución delPIB per capita de las regiones europeas confirman dichos resultados.Download Info
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Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 2002-12.Length: 31 pages
Date of creation: Jun 2002
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:2002-12
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Keywords: Presupuesto EU; Gasto I+D; Crecimiento; Cuantiles Condicionales. EU Budget; R&D Expenditure; Growth Rates; Conditional Quantiles.;Find related papers by JEL classification:
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
References
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