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Innovation, skills and investment: a digital industrial policy for Europe

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  • Harald Gruber

    (European Investment Bank)

Abstract

This paper identifies the main factors for Europe’s delays in embracing the growth enhancing effects of digital technologies. With mostly intangible goods or services, digital technologies are different from the tangible world of the traditional manufacturing industry, and hence related policy may have to be different as well. The scope for market failures is explored, including externalities from knowledge spillovers, cybersecurity and first mover advantages and the possibly role for policies and public support is discussed.

Suggested Citation

  • Harald Gruber, 2017. "Innovation, skills and investment: a digital industrial policy for Europe," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 44(3), pages 327-343, September.
    • Handle: RePEc:spr:epolin:v:44:y:2017:i:3:d:10.1007_s40812-017-0073-x
    DOI: 10.1007/s40812-017-0073-x
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    Cited by:

    1. Songqin Zhao & Diyun Peng & Huwei Wen & Huilin Song, 2022. "Does the Digital Economy Promote Upgrading the Industrial Structure of Chinese Cities?," Sustainability, MDPI, vol. 14(16), pages 1-19, August.
    2. Eva Erjavec, 2023. "Going digital and intangible: intangible investments effects on a company’s success," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 3, pages 275-294.
    3. Padmashree Gehl Sampath, 2018. "Industrial Policy 4.0 Promoting Transformation in the Digital Economy," GDAE Working Papers 18-04, GDAE, Tufts University.
    4. Marco Bellandi & Silvia Lombardi & Erica Santini, 2020. "Traditional manufacturing areas and the emergence of product-service systems: the case of Italy," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 47(2), pages 311-331, June.
    5. Yevgeniy Popov & Konstantin Semyachkov, 2018. "Problems of Economic Security for Digital Society in the Context of Globalization," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 1088-1101.

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    More about this item

    Keywords

    Industrial policy; ICT; R&D; Innovation; Investment; Education;
    All these keywords.

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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