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A Time to Sow, A Time to Reap for the European countries: A Macro-Econometric Glance at the RTD National Action Plans

Author

Listed:
  • Carole Chevallier
  • Arnaud Fougeyrollas
  • Pierre Le Mouël
  • Paul Zagamé

Abstract

In this contribution, we present an assessment, in terms of growth, employment and competitiveness, of the European Union Member States RTD policies in late 2004, the National Action Plans (NAP). The assessment in this paper is based on the results of a detailed macro-econometric model NEMESIS for the European Union countries. The results refer to two different periods: first, the ?Time to Sow?, during which increased RTD effort is rewarded by few innovations. This is a period of delayed RTD maturation. The economy is demand oriented, and GDP and employment levels are multiplier based, while inflationary pressures and deficits abound. Second, the ?Time to Reap?, when a virtuous mechanism of innovation based growth and employment is engaged, which should lead European countries to a less material, less polluting knowledge economy. JEL?Classification: C53, D78, E17, O33, O38, O47.

Suggested Citation

  • Carole Chevallier & Arnaud Fougeyrollas & Pierre Le Mouël & Paul Zagamé, 2006. "A Time to Sow, A Time to Reap for the European countries: A Macro-Econometric Glance at the RTD National Action Plans," Revue de l'OFCE, Presses de Sciences-Po, vol. 97(5), pages 235-257.
  • Handle: RePEc:cai:reofsp:reof_073_0235
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    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Zvi Griliches, 1998. "Comparing Productivity Growth: An Exploration of French and U.S. Industrial and Firm Data," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 157-186, National Bureau of Economic Research, Inc.
    3. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    4. Jacques Mairesse & Mohamed Sassenou, 1991. "R&D Productivity: A Survey of Econometric Studies at the Firm Level," NBER Working Papers 3666, National Bureau of Economic Research, Inc.
    5. Daniel K. N. Johnson, 2002. "The OECD Technology Concordance (OTC): Patents by Industry of Manufacture and Sector of Use," OECD Science, Technology and Industry Working Papers 2002/5, OECD Publishing.
    6. Brecard, Dorothee & Fougeyrollas, Arnaud & Le Mouel, Pierre & Lemiale, Lionel & Zagame, Paul, 2006. "Macro-economic consequences of European research policy: Prospects of the Nemesis model in the year 2030," Research Policy, Elsevier, vol. 35(7), pages 910-924, September.
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    Cited by:

    1. Baptiste Boitier & Pascal da Costa & Pierre Le Mouel & Paul Zagamé, 2008. "Calculation of land use price and land use claims for agriculture, transport and urban land use at national level," Working Papers hal-01044651, HAL.

    More about this item

    Keywords

    policy assessment; RTD; growth; econometric modelling; endogenous technical change; sustainable growth;

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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