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Macro-economic consequences of European research policy: Prospects of the Nemesis model in the year 2030

Author

Listed:
  • Dorothée Brécard

    (ERASME - Équipe de Recherche en Analyse des Systèmes et Modélisation Économique - Ecole Centrale Paris)

  • Arnaud Fougeyrollas

    (ERASME - Équipe de Recherche en Analyse des Systèmes et Modélisation Économique - Ecole Centrale Paris)

  • Pierre Le Mouël

    (ERASME - Équipe de Recherche en Analyse des Systèmes et Modélisation Économique - Ecole Centrale Paris)

  • Lionel Lemiale

    (ERASME - Équipe de Recherche en Analyse des Systèmes et Modélisation Économique - Ecole Centrale Paris)

  • Paul Zagamé

    (ERASME - Équipe de Recherche en Analyse des Systèmes et Modélisation Économique - Ecole Centrale Paris)

Abstract

Acknowledging the weakness of R&D expenditure in Europe relative to that in the United States and Japan, Barcelona's European Council agreed in March 2002 to increase investment in R&D to 3% of GDP by 2010. The aim of this paper is to assess the macroeconomic consequences of such a policy, using the European macro-econometric model Nemesis. Results showthat macro-economic trends can be split into two distinct phases. In the first one, growth is directly driven by R&D expenditures, while in the second phase, innovation is the engine of growth through productivity and competitiveness gains.

Suggested Citation

  • Dorothée Brécard & Arnaud Fougeyrollas & Pierre Le Mouël & Lionel Lemiale & Paul Zagamé, 2006. "Macro-economic consequences of European research policy: Prospects of the Nemesis model in the year 2030," Post-Print hal-04568081, HAL.
    • Handle: RePEc:hal:journl:hal-04568081
    DOI: 10.1016/j.respol.2006.03.001
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    References listed on IDEAS

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    Cited by:

    1. Wang, Eric C., 2010. "Determinants of R&D investment: The Extreme-Bounds-Analysis approach applied to 26 OECD countries," Research Policy, Elsevier, vol. 39(1), pages 103-116, February.
    2. repec:spo:wpmain:info:hdl:2441/11505qn4ak95irt0cafaeim81j is not listed on IDEAS
    3. Neuer, Kim Dobbie, 2010. "Achieving Lisbon: The EU's R&D challenge. The role of the public sector and implications of US best practice on regional policymaking in Europe," Beiträge der Hochschule Pforzheim 137, Pforzheim University.
    4. Khan, Haider, 2013. "Industrialization and Development Strategies in the 21st Century: Towards Sustainable Innovation Systems," MPRA Paper 50168, University Library of Munich, Germany.
    5. Bulavskaya, Tatyana & Reynès, Frédéric, 2018. "Job creation and economic impact of renewable energy in the Netherlands," Renewable Energy, Elsevier, vol. 119(C), pages 528-538.
    6. Cassetti, Gabriele & Boitier, Baptiste & Elia, Alessia & Le Mouël, Pierre & Gargiulo, Maurizio & Zagamé, Paul & Nikas, Alexandros & Koasidis, Konstantinos & Doukas, Haris & Chiodi, Alessandro, 2023. "The interplay among COVID-19 economic recovery, behavioural changes, and the European Green Deal: An energy-economic modelling perspective," Energy, Elsevier, vol. 263(PC).
    7. repec:hal:spmain:info:hdl:2441/11505qn4ak95irt0cafaeim81j is not listed on IDEAS
    8. Baptiste Boitier & Pascal da Costa & Pierre Le Mouel & Paul Zagamé, 2008. "Description of key macroeconomic variables, including regional GDP and employment for NUTS-2 regions," Working Papers hal-01044649, HAL.
    9. Leydesdorff, Loet & Wagner, Caroline, 2009. "Macro-level indicators of the relations between research funding and research output," Journal of Informetrics, Elsevier, vol. 3(4), pages 353-362.
    10. Carole Chevallier & Arnaud Fougeyrollas & Pierre Le Mouël & Paul Zagamé, 2006. "A Time to Sow, A Time to Reap for the European countries: A Macro-Econometric Glance at the RTD National Action Plans," Revue de l'OFCE, Presses de Sciences-Po, vol. 97(5), pages 235-257.
    11. Nathalie Taverdet-Popiolek, 2022. "Economic Footprint of a Large French Research and Technology Organisation in Europe: Deciphering a Simplified Model and Appraising the Results," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 44-69, March.
    12. Jansson, Torbjorn & Bakker, Martha M. & Boitier, B. & Fougeyrollas, A. & Helming, John F.M. & van Meijl, Hans & Verkerk, P.J., 2008. "Linking models for land use analysis: experiences from the SENSOR project," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44169, European Association of Agricultural Economists.
    13. Mario Coccia, 2018. "Socioeconomic driving forces of scientific research," Papers 1806.05028, arXiv.org.
    14. Verweij, P.J.F.M. & Knapen, M.J.R. & de Winter, W.P. & Wien, J.J.F. & te Roller, J.A. & Sieber, S. & Jansen, J.M.L., 2010. "An IT perspective on integrated environmental modelling: The SIAT case," Ecological Modelling, Elsevier, vol. 221(18), pages 2167-2176.
    15. Pascal da Costa & Wenhui Tian, 2015. "A Sectoral Prospective Analysis of CO2 Emissions in China, USA and France, 2010-2050," Working Papers hal-01026302, HAL.
    16. Romualdas Ginevicius & Eigirdas Zemaitis & Vladislavas Petraskevicus, 2022. "Evaluation of the Impact of R&D on the Socio-Economic Development of EU Countries," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(Special16), pages 1001-1001, November.
    17. Uthes, Sandra & Fricke, Katharina & König, Hannes & Zander, Peter & van Ittersum, Martin & Sieber, Stefan & Helming, Katharina & Piorr, Annette & Müller, Klaus, 2010. "Policy relevance of three integrated assessment tools—A comparison with specific reference to agricultural policies," Ecological Modelling, Elsevier, vol. 221(18), pages 2136-2152.
    18. Sieber, Stefan & Amjath-Babu, T.S. & Reidsma, Pytrik & Koenig, Hannes & Piorr, Annette & Bezlepkina, Irina & Mueller, Klaus, 2018. "Sustainability impact assessment tools for land use policy advice: A comparative analysis of five research approaches," Land Use Policy, Elsevier, vol. 71(C), pages 75-85.

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