Quanto e come investire in ricerca per massimizzare la crescita economica? Analisi e implicazioni di politica economica per l’Italia e l’Europa

Mario Coccia

CERIS Working Paper from CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY

Abstract: This paper analyzes the relationship between economic growth and research funding. The econometric analysis show that gross domestic expenditure on R&D (GERD) as percentage of GDP is a important driver of economic growth (R2 adj = 71%) that is measured by GDP per capita. The optimization shows that the level of GERD equal to 2.6 maximizes the GDP per capita, moreover is important that GERD financed by government is lesser than 30%. The paper also discusses the research policy implications of the Lisbon Strategy, the USA, Japan, and in particular of Italy.

Keywords: Economic growth; Research funding; Comparative study; Economic policy; Optimization (search for similar items in EconPapers)
JEL-codes: C00 E00 E60 H50 O38 O40 O57 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2007-05
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:csc:cerisp:200705

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