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dc.contributor.authorMcMorrow, Kieranen_US
dc.contributor.authorRöger, Werneren_US
dc.date.accessioned2011-04-13T09:59:11Z-
dc.date.available2011-04-13T09:59:11Z-
dc.date.issued2009en_US
dc.identifier.citationEIB Papers 0257-7755 14 2009 1 94-118en_US
dc.identifier.urihttp://hdl.handle.net/10419/44909-
dc.description.abstractThis paper reviews the empirical literature on rates of return on R&D and interprets the economic significance of these estimates using a semi-endogenous growth model with a calibrated knowledge production sector. We analyse how R&D subsidies, a reduction of entry barriers for start-ups and increasing high-skilled labour would contribute towards raising productivity and knowledge investment in the EU. The simulation results show that substantial efforts will have to be made if Europe wants to come close to achieving the Lisbon productivity and knowledge-investment targets. Achieving US standards in all three areas would reduce the productivity gap by about 50 percent. Improving the quality of tertiary education and increasing competition in non-manufacturing sectors would also help the EU to get to the productivity frontier.en_US
dc.language.isoengen_US
dc.subject.ddc330en_US
dc.subject.stwForschungen_US
dc.subject.stwForschungsfinanzierungen_US
dc.subject.stwTechnischer Fortschritten_US
dc.subject.stwReturn on Investmenten_US
dc.subject.stwProduktivitäten_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwForschungs- und Technologiepolitiken_US
dc.subject.stwEU-Staatenen_US
dc.titleR&D capital and economic growth: The empirical evidenceen_US
dc.typeArticleen_US
dc.identifier.ppn618780394en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:EIB Papers, European Investment Bank (EIB)

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