Beyond the “Innovation's Black-Box”: Translating R&D outlays into employment and economic growth

Ricardo Moutinho, Manuel Au-Yong-Oliveira, Arnaldo Coelho and Jose Ramos Manso

Socio-Economic Planning Sciences, 2015, vol. 50, issue C, 45-58

Abstract: The emergence of the so-called “European Paradox” shows that increasing Governmental R&D Investment is far from being a ‘panacea’ for stagnant growth. Surprisingly, Governmental R&D Employment does not contribute to ‘mass-market’ employment, despite its important role in reducing Youth-Unemployment. Despite the negative side-effect of Governmental R&D Employment on economic growth, 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 Youth-Unemployment and is a policy with a quite robust effect regarding sustainable economic development.

Keywords: Innovation management; Regional innovation systems; Economic policy; R&D policy; University (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:50:y:2015:i:c:p:45-58

DOI: 10.1016/j.seps.2015.04.001

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