European Institute of Innovation and Technology grants as a ‘mission-oriented’ policy: a preliminary quantitative analysis for the euro area and Italy

Giovanni Barbieri and Santiago José Gahn

No crn2104, CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale from Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC)

Abstract: This paper focuses on the development of the European Institute of Innovation & Technology and its political economy after following the Lisbon European Council. We analyse the aggregate impact of EIT grants on the euro area’s GDP (17 countries) using a SVAR technique and we perform a similar time-series exercise for Italy, as a robustness check, for the period 2014Q1-2019Q4. Results indicate that ‘EIT expenditures’ have a positive impact on GDP, both in the case of the euro area and Italy. Such ‘mission-oriented’ spending at the continental level could be a way forward for the eurozone.

Keywords: European Institute of Innovation & Technology; Public Expenditures; technology platforms; Europe; Italy (search for similar items in EconPapers)
JEL-codes: F55 O38 O52 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:crn:wpaper:crn2104

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