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Why investing in research and innovation matters for a competitive, green, and fair Europe - A rationale for public and private action

Author

Listed:
  • Jan-Tjibbe Steeman

    (Directorate-General for Research and Innovation, European Commission)

  • Alexandr Hobza

    (Directorate-General for Research and Innovation, European Commission)

  • Erik Canton

    (Directorate-General for Research and Innovation, European Commission)

  • Valentina Di Girolamo

    (Directorate-General for Research and Innovation, European Commission)

  • Alessio Mitra

    (Directorate-General for Research and Innovation, European Commission)

  • Océane Peiffer-Smadja

    (Directorate-General for Research and Innovation, European Commission)

  • Julien Ravet

    (Directorate-General for Research and Innovation, European Commission)

Abstract

This paper provides a rationale on why investing in research and innovation (R&I) matters for Europe. It describes the potential of R&I to strengthen EU's competitiveness, support a green and sustainable future, and build a fair European society. EU's R&I performance is presented, including R&I investments compared to global peers, EU's main strengths and weaknesses, and EU’s added value. The paper also highlights the importance of well-designed R&I policies, integral to the overall policy design, and provides pathways to strengthen current public and private efforts to reap the full potential of R&I.

Suggested Citation

  • Jan-Tjibbe Steeman & Alexandr Hobza & Erik Canton & Valentina Di Girolamo & Alessio Mitra & Océane Peiffer-Smadja & Julien Ravet, 2024. "Why investing in research and innovation matters for a competitive, green, and fair Europe - A rationale for public and private action," EU research an innovation paper series KI-BD-24-002-EN-N, Directorate General for Research and Innovation (DG RTD) of the European Commission.
    • Handle: RePEc:eug:wpaper:ki-bd-24-002-en-n
    DOI: 10.2777/01237
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    Keywords

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    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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