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Overcoming the “European Paradox”: The role of Regional Innovation Systems (RIS) in translating R&D investments into economic and employment growth
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Orientador(es)
Resumo(s)
The emergence of the so-called “European Paradox” shows that R&D investment is not maximally
effective and that increasing the scale of public R&D expenditures is not sufficient to generate
employment and sustained economic growth. Increasing Governmental R&D Investment is far from
being a “panacea” for stagnant growth. It is worth noting that Government R&D Investment does not
have a statistically significant impact on employment, indicating the need to assess the trade-offs of
policies that could lead to significant increases in government expenditure. Surprisingly,
Governmental R&D Employment does not contribute to “mass-market” employment, despite its quite
important role in reducing Youth-Unemployment. Despite the negative side-effects of Governmental
R&D Employment on both GVA and GDP, University R&D Employment appears to have a quite
important role in reducing Unemployment, especially Youth-Unemployment, while it also does not
have a downside in terms of economic growth. Technological Capacity enhancement is the most
effective instrument for reducing Unemployment and is a policy without any downside regarding
sustainable economical development. In terms of wider policy implications, the results reinforce the
idea that European Commission Research and Innovation policies must be restructured, shifting from a
transnational framework to a more localised, measurable and operational approach.
Descrição
Palavras-chave
Innovation management Regional Innovation Systems European Paradox Europe 2020 Growth Strategy