On the long-run relationship between R&D expenditures and GDP: some considerations for the case of Italy (1963-2013)

Santiago José Gahn

No crn2201, CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale from Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC)

Abstract: This paper analyses empirically the long-run relationship between ‘pure’ public expenditures on Research and Development and GDP for the case of Italy (1963-2013). The results show that a 1% increase in ‘pure’ public research and development expenditure increases output by 0.1%. This shows that, as the consensus in the literature indicates, this type of expenditure has a persistent effect on GDP and calls for a review of the austerity policies that have been pursued in Italy on this type of expenditures since 1991.

Keywords: Italy; research and development; Public Expenditures; public policy; structural change (search for similar items in EconPapers)
JEL-codes: L16 N14 O30 O47 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-his
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