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Il finanziamento pubblico alla ricerca spiazza l’investimento privato in ricerca? Analisi ed implicazioni per la crescita economica dei paesi

Mario Coccia ()

CERIS Working Paper from Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY -NOW- Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY

Abstract: The purpose of this paper is to analyze the relationship between public and private funding for research. Data from Eurostat are used. The methodology applies descriptive statistics, correlation, regression and cluster analyses. The main results are: public funding for research crowds out business funding one; moreover private rather than public funding for research is the cause of economic growth of countries. The best economic performance has been achieved by the USA, followed by Europe and Japan. Italy instead has higher public funds of research than private one and the result is low rate of economic growth over time.

Keywords: Research Funding; Economic Growth; Comparative Study; Research Policy; Crowding-out (search for similar items in EconPapers)
JEL-codes: C00 E00 E60 H50 O38 O40 O57 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu and nep-mac
Date: 2007-06
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