Innovation, Skills and Investment: A Digital Industrial Policy for Europe

Harald Gruber

28th European Regional ITS Conference, Passau 2017 from International Telecommunications Society (ITS)

Abstract: This paper identifies the main factors for Europe’s delays in embracing the well proven growth enhancing effects of digital technologies. It argues that market failures, including externalities from knowledge spillovers, cybersecurity and first mover advantages justify public support. The whole value added chain of digital production is entailed, starting with infrastructure investment and R&D relevant for digital sectors, along with qualified skills of researchers and of workers, coming to skill sets provided by the education sector. Emphasis is put on the efficient leverage effects that can be achieved by combining public and private sector funds through financial instruments.

Keywords: Industrial policy; ICT; R&D; Innovation; Investment; Education (search for similar items in EconPapers)
JEL-codes: L52 O16 O38 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-eur, nep-ino, nep-knm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/169464/1/Gruber.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:itse17:169464

Access Statistics for this paper

More papers in 28th European Regional ITS Conference, Passau 2017 from International Telecommunications Society (ITS)
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().