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European Institute of Innovation and Technology grants as a ‘mission-oriented’ policy: a preliminary quantitative analysis for the euro area and Italy

Author

Listed:
  • Giovanni Barbieri
  • Santiago José Gahn

Abstract

This paper focuses on the development of the European Institute of Innovation & Technology and its political economy after following the Lisbon European Council. We analyse the aggregate impact of EIT grants on the euro area’s GDP (17 countries) using a SVAR technique and we perform a similar time-series exercise for Italy, as a robustness check, for the period 2014Q1-2019Q4. Results indicate that ‘EIT expenditures’ have a positive impact on GDP, both in the case of the euro area and Italy. Such ‘mission-oriented’ spending at the continental level could be a way forward for the eurozone.

Suggested Citation

  • Giovanni Barbieri & Santiago José Gahn, 2021. "European Institute of Innovation and Technology grants as a ‘mission-oriented’ policy: a preliminary quantitative analysis for the euro area and Italy," CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale crn2104, Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC).
    • Handle: RePEc:crn:wpaper:crn2104
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    File URL: https://centridiricerca.unicatt.it/cranec-4-21%20WP-CRANEC_Barbieri%20Gahn%20(definitivo).pdf
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    More about this item

    Keywords

    European Institute of Innovation & Technology; Public Expenditures; technology platforms; Europe; Italy;
    All these keywords.

    JEL classification:

    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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