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The added value of European investments in research and innovation

Author

Listed:
  • Alessio MITRA

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

  • Erik CANTON

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

  • Julien RAVET

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

  • Jan-Tjibbe STEEMAN

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

Abstract

Since 1984, the European Union (EU) invests in research and innovation (R&I) through the EU Framework Programmes (FP). This study sheds light on the added value of these long-term investments. To do so, the paper reviews the historical evolution of the FPs, presents the economic rationales for public financing of R&I, and explains the advantages of performing such efforts at the EU level beyond the actions of individual Member States. The study supports its claims with empirical evidence showing how EU R&I funding has boosted economic growth, created jobs, and advanced research and innovation in the EU. Furthermore, a set of case studies on FP success stories are showcased.

Suggested Citation

  • Alessio MITRA & Erik CANTON & Julien RAVET & Jan-Tjibbe STEEMAN, 2024. "The added value of European investments in research and innovation," EU research an innovation paper series KI-BD-24-003-EN-N, Directorate General for Research and Innovation (DG RTD) of the European Commission.
    • Handle: RePEc:eug:wpaper:ki-bd-24-003-en-n
    DOI: 10.2777/682623
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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
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General

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