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dc.contributor.authorMcMorrow, Kieranen
dc.contributor.authorRöger, Werneren
dc.date.accessioned2011-04-13T09:59:11Z-
dc.date.available2011-04-13T09:59:11Z-
dc.date.issued2009-
dc.identifier.citation|aEIB Papers|c0257-7755|v14|h1|nEuropean Investment Bank (EIB)|lLuxembourg|y2009|p94-118en
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
dc.language.isoengen
dc.publisher|aEuropean Investment Bank (EIB) |cLuxembourgen
dc.subject.ddc330en
dc.subject.stwForschungen
dc.subject.stwForschungsfinanzierungen
dc.subject.stwTechnischer Fortschritten
dc.subject.stwReturn on Investmenten
dc.subject.stwProduktivitäten
dc.subject.stwWirtschaftswachstumen
dc.subject.stwForschungs- und Technologiepolitiken
dc.subject.stwEU-Staatenen
dc.titleR&D capital and economic growth: The empirical evidence-
dc.typeArticleen
dc.identifier.ppn862701759en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
econstor.citation.journaltitleEIB Papersen
econstor.citation.issn0257-7755en
econstor.citation.volume14en
econstor.citation.issue1en
econstor.citation.publisherEuropean Investment Bank (EIB)en
econstor.citation.publisherplaceLuxembourgen
econstor.citation.year2009en
econstor.citation.startpage94en
econstor.citation.endpage118en

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