IDEAS home Printed from https://ideas.repec.org/a/oup/cjrecs/v18y2025i3p535-552..html

The impact of innovation policy on the regional economies of Europe

Author

Listed:
  • Pablo Casas
  • Tryfonas Christou
  • Abián García-Rodríguez
  • Nicholas Joseph Lazarou
  • Patrizio Lecca
  • Philippe Monfort
  • Simone Salotti

Abstract

We evaluate the economic impact of the Horizon 2020 innovation policy using a spatial dynamic general equilibrium model incorporating R&D-based semi-endogenous growth and calibrated for 235 NUTS2 regions of the European Union. The results suggest that the policy can have a positive impact on GDP and job creation, with considerable regional heterogeneity. The GDP gains are expected to be significant in the long run, due to the positive productivity effects of innovation policy funding. Our model provides insights into policy spillovers through production factor dynamics, trade linkages and innovation diffusion, and constitutes an example of how to assess the impact of innovation policy beyond individual projects and towards mission-oriented monitoring.

Suggested Citation

  • Pablo Casas & Tryfonas Christou & Abián García-Rodríguez & Nicholas Joseph Lazarou & Patrizio Lecca & Philippe Monfort & Simone Salotti, 2025. "The impact of innovation policy on the regional economies of Europe," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 18(3), pages 535-552.
    • Handle: RePEc:oup:cjrecs:v:18:y:2025:i:3:p:535-552.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/cjres/rsaf012
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cjrecs:v:18:y:2025:i:3:p:535-552.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/cjres .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.