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Macroeconomic Models for Research and Innovation Policy: The Present and the Future

Author

Listed:
  • Cristiana BENEDETTI FASIL

    (European Commission)

  • Roberto MARTINO

    (European Commission)

  • Julien RAVET

    (European Commission)

  • Miguel SANCHEZ-MARTINEZ

    (European Commission)

Abstract

This paper provides a brief overview of the modelling platforms used by the European Commission for the impact assessment of R&D and innovation policies, discussing the advantages and limitations of the main models presently at use. The theoretical description is also accompanied by an example of model-based impact simulations of actual policies implemented by the EU, with focus on the European Commission's future Framework Programme, Horizon Europe. The R&D development agenda is also delineated by describing the initiatives of DG Research and Innovation and DG Joint Research Centre.

Suggested Citation

  • Cristiana BENEDETTI FASIL & Roberto MARTINO & Julien RAVET & Miguel SANCHEZ-MARTINEZ, 2020. "Macroeconomic Models for Research and Innovation Policy: The Present and the Future," EU research and innovation paper series KI-BD-20-013-EN-N, Directorate General for Research and Innovation (DG RTD) of the European Commission.
    • Handle: RePEc:eug:wpaper:ki-bd-20-013-en-n
    DOI: 10.2777/339051
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    Keywords

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    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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