Innovation, skills and investment: a digital industrial policy for Europe
Harald Gruber ()
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Harald Gruber: European Investment Bank
Economia e Politica Industriale: Journal of Industrial and Business Economics, 2017, vol. 44, issue 3, 327-343
Abstract This paper identifies the main factors for Europe’s delays in embracing the growth enhancing effects of digital technologies. With mostly intangible goods or services, digital technologies are different from the tangible world of the traditional manufacturing industry, and hence related policy may have to be different as well. The scope for market failures is explored, including externalities from knowledge spillovers, cybersecurity and first mover advantages and the possibly role for policies and public support is discussed.
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)
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