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The effect of innovative SMEs' growth to the structural renewal of the EU economy - A projection to the year 2020 –

The Policy Brief addresses the following question: To what extent the high-growth of current innovative R&D-intensive SMEs can drive the envisaged structural change of the EU economy towards high R&D intensive sectors? It aims to contribute to the debate about how to set the right priorities and find the most appropriate policy interventions to allow Europe to reach the 3% R&D intensity target and hence its growth and employment objectives. It first summarises stylised findings from the literature on the relevance of innovative companies for economic growth, then presents results from a recent JRC-IPTS study which go some way towards answering the question posed above, and concludes by outlining some of the contributions that enrich the policy debate.

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File URL: http://publications.jrc.ec.europa.eu/repository/handle/JRC83400
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Paper provided by Directorate Growth & Innovation and JRC-Seville, Joint Research Centre in its series JRC Working Papers with number JRC83400.

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Length: 9 pages
Date of creation: Jul 2013
Date of revision:
Handle: RePEc:ipt:iptwpa:jrc83400
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Web page: https://ec.europa.eu/jrc/

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References listed on IDEAS
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  1. Raquel Ortega-Argilés & Andries Brandsma, 2009. "EU-US differences in the size of R&D intensive firms," JRC Working Papers on Corporate R&D and Innovation 2009-2, Directorate Growth & Innovation and JRC-Seville, Joint Research Centre.
  2. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October.
  3. Subal C. Kumbhakar & Raquel Ortega-Argilés & Lesley Potters & Marco Vivarelli & Peter Voigt, 2010. "Corporate R&D and firm efficiency: Evidence from Europe’s top R&D investors," JRC Working Papers on Corporate R&D and Innovation 2010-11, Directorate Growth & Innovation and JRC-Seville, Joint Research Centre.
  4. Dirk Czarnitzki & Julie Delanote, 2013. "Young Innovative Companies: the new high-growth firms?," Industrial and Corporate Change, Oxford University Press, vol. 22(5), pages 1315-1340, October.
  5. Daria Ciriaci & Pietro Moncada-Paternò-Castello & Peter Voigt, 2016. "Innovation and job creation: a sustainable relation?," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 6(2), pages 189-213, August.
  6. Bogliacino, Francesco & Piva, Mariacristina & Vivarelli, Marco, 2012. "R&D and employment: An application of the LSDVC estimator using European microdata," Economics Letters, Elsevier, vol. 116(1), pages 56-59.
  7. Michele Cincera & Reinhilde Veugelers, 2013. "Young Leading Innovators and the EU’s R&D intensity gap," ULB Institutional Repository 2013/147096, ULB -- Universite Libre de Bruxelles.
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