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Innovation, Skills and Investment: A Digital Industrial Policy for Europe

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  • Gruber, Harald

Abstract

This paper identifies the main factors for Europe’s delays in embracing the well proven growth enhancing effects of digital technologies. It argues that market failures, including externalities from knowledge spillovers, cybersecurity and first mover advantages justify public support. The whole value added chain of digital production is entailed, starting with infrastructure investment and R&D relevant for digital sectors, along with qualified skills of researchers and of workers, coming to skill sets provided by the education sector. Emphasis is put on the efficient leverage effects that can be achieved by combining public and private sector funds through financial instruments.

Suggested Citation

  • Gruber, Harald, 2017. "Innovation, Skills and Investment: A Digital Industrial Policy for Europe," 28th European Regional ITS Conference, Passau 2017 169464, International Telecommunications Society (ITS).
    • Handle: RePEc:zbw:itse17:169464
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    Cited by:

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    2. Marco Bellandi & Silvia Lombardi & Erica Santini, 2020. "Traditional manufacturing areas and the emergence of product-service systems: the case of Italy," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 47(2), pages 311-331, June.
    3. Eva Erjavec, 2023. "Going digital and intangible: intangible investments effects on a company’s success," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 3, pages 275-294.
    4. Padmashree Gehl Sampath, 2018. "Industrial Policy 4.0 Promoting Transformation in the Digital Economy," GDAE Working Papers 18-04, GDAE, Tufts University.
    5. Songqin Zhao & Diyun Peng & Huwei Wen & Huilin Song, 2022. "Does the Digital Economy Promote Upgrading the Industrial Structure of Chinese Cities?," Sustainability, MDPI, vol. 14(16), pages 1-19, August.
    6. Yevgeniy Popov & Konstantin Semyachkov, 2018. "Problems of Economic Security for Digital Society in the Context of Globalization," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 1088-1101.

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    Keywords

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    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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