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The economic rationale for public R&I funding and its impact


  • Posted on: Mar 17, 2017

Year of publication: 2017

Website: Link

Tags: Capacity building, Innovation, Research

The Directorate-General for Research & Innovation (DG RTD) of the European Commission regularly carries out policy-oriented in-house analyses on the economic impact of research and innovation (R&I) investments and reforms. The current paper highlights the economic rationale for public R&I funding, presents a number of empirical estimates about the impacts of R&I investment in general, and of public R&I in particular, and concludes that the impacts of public R&I funding are large and significant and that acts as a catalyzer to boost higher levels of productivity growth that are needed to accelerate economic growth and create more and better job opportunities.

Type: Report | Source: http://bookshop.europa.eu/is-bin/INTERSHOP.enfinity/WFS/EU-Bookshop-Site/en_GB/-/EUR/ViewPublication-Start?PublicationKey=KI0117050

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