Why investing in research and innovation matters for a competitive, green, and fair Europe - A rationale for public and private action

Jan-Tjibbe Steeman, Alexandr Hobza (), Erik Canton (), Valentina Di Girolamo (), Alessio Mitra (), Océane Peiffer-Smadja () and Julien Ravet ()
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Alexandr Hobza: Directorate-General for Research and Innovation, European Commission
Erik Canton: Directorate-General for Research and Innovation, European Commission
Valentina Di Girolamo: Directorate-General for Research and Innovation, European Commission
Alessio Mitra: Directorate-General for Research and Innovation, European Commission
Océane Peiffer-Smadja: Directorate-General for Research and Innovation, European Commission
Julien Ravet: Directorate-General for Research and Innovation, European Commission

EU research and innovation paper series from Directorate General for Research and Innovation (DG RTD) of the European Commission

Abstract: This paper provides a rationale on why investing in research and innovation (R&I) matters for Europe. It describes the potential of R&I to strengthen EU's competitiveness, support a green and sustainable future, and build a fair European society. EU's R&I performance is presented, including R&I investments compared to global peers, EU's main strengths and weaknesses, and EU’s added value. The paper also highlights the importance of well-designed R&I policies, integral to the overall policy design, and provides pathways to strengthen current public and private efforts to reap the full potential of R&I.

Keywords: Research and innovation; competitiveness; green economy; fair society; EU policy; public investment; private investment (search for similar items in EconPapers)
JEL-codes: I28 O32 O33 Q55 Q56 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2024-03
New Economics Papers: this item is included in nep-eec, nep-ene, nep-env, nep-ino and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:eug:wpaper:ki-bd-24-002-en-n

DOI: 10.2777/01237

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