The effect of innovative SMEs' growth to the structural renewal of the EU economy - A projection to the year 2020

Pietro Moncada-Paternò-Castello and Peter Voigt

No JRC83400, JRC Research Reports from Joint Research Centre

Abstract: The Policy Brief addresses the following question: To what extent the high-growth of current innovative R&D-intensive SMEs can drive the envisaged structural change of the EU economy towards high R&D intensive sectors? It aims to contribute to the debate about how to set the right priorities and find the most appropriate policy interventions to allow Europe to reach the 3% R&D intensity target and hence its growth and employment objectives. It first summarises stylised findings from the literature on the relevance of innovative companies for economic growth, then presents results from a recent JRC-IPTS study which go some way towards answering the question posed above, and concludes by outlining some of the contributions that enrich the policy debate.

Keywords: Industrial Economics; Corporate R&D and innovation; industrial R&D investment; economic performance of the private sector; productivity; business trends; research; innovation; technological innovation; intangible assets; competitiveness; growth and employment; company growth; scoreboard; survey; economic analysis; policy analysis; Europe 2020 strategy (search for similar items in EconPapers)
Pages: 9 pages
Date: 2013-07
New Economics Papers: this item is included in nep-cse, nep-ino and nep-sbm
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