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Targeting R&D: Economic and Policy Implications of Increasing R&D Spending

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  • Jerry Sheehan
  • Andrew Wyckoff

Abstract

Setting R&D spending targets based on R&D intensities (GERD as a share of GDP) has been a part of science and technology policy in many OECD countries for at least 35 years. What is new is that the targeting of R&D has become more widespread and a more visible goal commanding considerable attention in high-level white papers, summits and policy proclamations. This paper examines the factors that have contributed to the growing popularity of these targets and analyses in more detail the economic and structural consequences of achieving the increased levels of R&D spending by looking at the profile of individual countries with a high R&D intensity and those countries who have achieved a recent significant gain in their intensity. It then traces some of the implications of a higher R&D intensity for the European Union: the R&D spending levels that would be required to meet the target announced by Ministers at the 2002 summit in Barcelona, the human resources needed to conduct this R&D ...

Suggested Citation

  • Jerry Sheehan & Andrew Wyckoff, 2003. "Targeting R&D: Economic and Policy Implications of Increasing R&D Spending," OECD Science, Technology and Industry Working Papers 2003/8, OECD Publishing.
    • Handle: RePEc:oec:stiaaa:2003/8-en
    DOI: 10.1787/072772055603
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    Cited by:

    1. Cunningham, James & Link, Albert, 2014. "Fostering University‐Industry R&D Collaborations in European Union Countries," UNCG Economics Working Papers 14-3, University of North Carolina at Greensboro, Department of Economics.
    2. Athukorala, Prema-chandra & Kohpaiboon, Archanun, 2010. "Globalization of R&D by US-based multinational enterprises," Research Policy, Elsevier, vol. 39(10), pages 1335-1347, December.
    3. Pietro Moncada-Paternò-Castello & Sara Amoroso & Michele Cincera, 0. "Corporate R&D intensity decomposition: different data, different results?," Science and Public Policy, Oxford University Press, vol. 47(4), pages 458-473.
    4. Isabel Grilo & Gert Koopman, 2006. "Productivity and Microeconomic Reforms: Strengthening EU Competitiveness," Journal of Industry, Competition and Trade, Springer, vol. 6(2), pages 67-84, June.
    5. Baudry, Marc & Dumont, Beatrice, 2006. "Comparing firms' triadic patent applications across countries: Is there a gap in terms of R&D effort or a gap in terms of performances?," Research Policy, Elsevier, vol. 35(2), pages 324-342, March.
    6. Pietro Moncada-Paternò-Castello & Nicola Grassano, 2022. "The EU vs US corporate R&D intensity gap: investigating key sectors and firms [A primer on innovation and growth]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(1), pages 19-38.
    7. Michele Cincera & Claudio Cozza & Alexander Tübke, 2014. "Main drivers for local and global R&D sourcing of European Multinational Enterprises," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 4(2), pages 227-245, December.
    8. Moncada-Paternò-Castello, Pietro & Ciupagea, Constantin & Smith, Keith & Tübke, Alexander & Tubbs, Mike, 2010. "Does Europe perform too little corporate R&D? A comparison of EU and non-EU corporate R&D performance," Research Policy, Elsevier, vol. 39(4), pages 523-536, May.
    9. Anita Michalsen, 2012. "R&D policy in a vertically related industry," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 21(8), pages 737-751, November.
    10. Davis, Nick, 2006. "Business R&D, Innovation and Economic Growth: An Evidence-Based Synthesis of the Policy Issues," Occasional Papers 06/8, Ministry of Economic Development, New Zealand.
    11. Luis Sanz-Menéndez & Gregg Van Ryzin & Eloísa Del Pino, 2013. "Citizens’ support for government spending on Science and Technology," Working Papers 1301, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
    12. Brecard, Dorothee & Fougeyrollas, Arnaud & Le Mouel, Pierre & Lemiale, Lionel & Zagame, Paul, 2006. "Macro-economic consequences of European research policy: Prospects of the Nemesis model in the year 2030," Research Policy, Elsevier, vol. 35(7), pages 910-924, September.
    13. George Gelauff & Arjan Lejour, 2006. "Five Lisbon highlights; the economic impact of reaching these targets," CPB Document 104.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    14. Michal Tvrdon & Tomas Verner, 2022. "Government Support of Science and the Impact of the Crisis: The Case of the EU Countries," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(Special16), pages 989-989, November.
    15. Mirela-Adriana RUSALI, 2016. "FOOD SECURITY EVALUATIONS RELATED TO EU-27 FOREIGN TRADE, PRIOR vs POST EASTERN ENLARGEMENTS," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 13(1), pages 95-105.
    16. Roberto Alvarez & Claudio Bravo-Ortega & Dan Poniachik, 2015. "Empirical Evidence on R&D Targeting and Transitions," Working Papers wp402, University of Chile, Department of Economics.
    17. Graeme Davis & Gene Tunny, 2005. "International comparisons of research and development," Economic Roundup, The Treasury, Australian Government, issue 4, pages 63-82, December.
    18. Aikaterini Kokkinou, 2006. "Innovation and Productivity a Story of Convergence and Divergence Process in EU Countries," ERSA conference papers ersa06p452, European Regional Science Association.
    19. Dirk Pilat, 2005. "Canada's Productivity Performance in International Perspective," International Productivity Monitor, Centre for the Study of Living Standards, vol. 10, pages 24-44, Spring.
    20. Gelauff, George & Lejour, Arjan, 2006. "The new Lisbon Strategy: An estiamtion of the impact of reaching 5 Lisbon targets," MPRA Paper 16168, University Library of Munich, Germany.
    21. Alfonso Arpaia & Werner Roeger & Janos Varga & Jan in 't Veld & Alexandr Hobza & Isabel Grilo & Peter Wobst, 2007. "Quantitative assessment of Structural Reforms: Modelling the Lisbon Strategy," European Economy - Economic Papers 2008 - 2015 282, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    22. Dan Andrews & Chiara Criscuolo, 2013. "Knowledge-Based Capital, Innovation and Resource Allocation," OECD Economics Department Working Papers 1046, OECD Publishing.

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