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On the long-run relationship between R&D expenditures and GDP: some considerations for the case of Italy (1963-2013)

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  • Santiago José Gahn

Abstract

This paper analyses empirically the long-run relationship between ‘pure’ public expenditures on Research and Development and GDP for the case of Italy (1963-2013). The results show that a 1% increase in ‘pure’ public research and development expenditure increases output by 0.1%. This shows that, as the consensus in the literature indicates, this type of expenditure has a persistent effect on GDP and calls for a review of the austerity policies that have been pursued in Italy on this type of expenditures since 1991.

Suggested Citation

  • Santiago José Gahn, 2022. "On the long-run relationship between R&D expenditures and GDP: some considerations for the case of Italy (1963-2013)," CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale crn2201, Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC).
    • Handle: RePEc:crn:wpaper:crn2201
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    More about this item

    Keywords

    Italy; research and development; Public Expenditures; public policy; structural change;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • 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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