Can we benchmark the contribution of research and development investment to growth and competitiveness?
Lena Tsipouri ()
Science and Public Policy, 2001, vol. 28, issue 4, 295-302
This paper suggests that there is no universal model we can use to quantify the impact of R&D on growth and competitiveness. The design and effectiveness of policies are crucial in this relationship and their effects may be anything from a spectacular success to total misallocation of resources. Selected variables are suggested for benchmarking, such as business R&D, a good share of new-technology based (small) firms and bigger companies, the education and mobility of the labour force and the creation of effective intermediaries that facilitate interaction, as well as a process of restructuring. However, dangers are also associated with such a benchmarking approach, if recommendations neglect path dependencies and apparently best practices are transferred without adaptation. Copyright , Beech Tree Publishing.
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Persistent link: https://EconPapers.repec.org/RePEc:oup:scippl:v:28:y:2001:i:4:p:295-302
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