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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 Institute for Prospective and Technological Studies, Joint Research Centre in its series JRC-IPTS 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/en/institutes/ipts

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  1. Raquel Ortega-Argilés & Andries Brandsma, 2009. "EU-US differences in the size of R&D intensive firms," JRC-IPTS Working Papers on Corporate R&D and Innovation 2009-2, Institute of Prospective Technological Studies, Joint Research Centre.
  2. 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.
  3. Michele Cincera & Reinhilde Veugelers, 2013. "Young leading innovators and the EU's R&D intensity gap," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 22(2), pages 177-198, March.
  4. Paul M Romer, 1999. "Endogenous Technological Change," Levine's Working Paper Archive 2135, David K. Levine.
  5. 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-IPTS Working Papers on Corporate R&D and Innovation 2010-11, Institute of Prospective Technological Studies, Joint Research Centre.
  6. Daria Ciriaci & Pietro Moncada-Paternò-Castello & Peter Voigt, 2013. "Innovation and Job Creation: A sustainable relation?," JRC-IPTS Working Papers on Corporate R&D and Innovation 2013-01, Institute of Prospective Technological Studies, Joint Research Centre.
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