The added value of European investments in research and innovation

Alessio Mitra (), Erik Canton (), Julien Ravet () and Jan-Tjibbe Steeman
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Alessio Mitra: European Commission, Directorate-General for Research and Innovation
Erik Canton: European Commission, Directorate-General for Research and Innovation
Julien Ravet: European Commission, Directorate-General for Research and Innovation

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

Abstract: Since 1984, the European Union (EU) invests in research and innovation (R&I) through the EU Framework Programmes (FP). This study sheds light on the added value of these long-term investments. To do so, the paper reviews the historical evolution of the FPs, presents the economic rationales for public financing of R&I, and explains the advantages of performing such efforts at the EU level beyond the actions of individual Member States. The study supports its claims with empirical evidence showing how EU R&I funding has boosted economic growth, created jobs, and advanced research and innovation in the EU. Furthermore, a set of case studies on FP success stories are showcased.

Keywords: European Framework Programme; R&I funding; EU added value; public investment; research policy; innovation; economic impact (search for similar items in EconPapers)
JEL-codes: C18 O32 O38 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2024-02
New Economics Papers: this item is included in nep-eec and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:eug:wpaper:ki-bd-24-003-en-n

DOI: 10.2777/682623

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