Towards a New (European Research) Deal The Case for Enhanced Fiscal Policy Coordination on Research and Innovation

Loris Di Pietrantonio
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Loris Di Pietrantonio: European Commission

No 20, Bruges European Economic Policy Briefings from European Economic Studies Department, College of Europe

Abstract: The paper reviews the evolution of research and innovation in the EU and assesses how current policies and programmes have influenced the development of Europe's research landscape. Based on existing literature, evaluation reports and practice, the paper critically examines the effectiveness of current European research funding instruments in a context of open innovation and in the presence of global spillovers. It therefore develops a subsidiarity test to assess whether current rationales still prove sufficient to justify policy intervention in this area. The paper sheds light on how to improve the effectiveness of EU action by enriching it by the use of coordinated fiscal policy for research funding. This will constitute an incentive to genuine bottom-up research, development and innovation (R&D&I) and a stimulus to local investments in innovation. The paper also assesses the potentials of a reinforced open method of coordination as well as a review of state aid law in the field of research funding in the EU.

Keywords: research and technology; innovation; research policy; fiscal policy (search for similar items in EconPapers)
JEL-codes: H1 H2 H3 H4 H5 L5 O3 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2009-07
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