Aiming for more: research and development investment scenarios for the next decade

Lukas Borunsky (), Anca Dumitrescu Goranov (), Julien Ravet () and Ruzica Rakić ()
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Lukas Borunsky: European Commission
Anca Dumitrescu Goranov: European Commission
Julien Ravet: European Commission
Ruzica Rakić: European Commission

EU research and innovation paper series from Directorate General for Research and Innovation (DG RTD) of the European Commission

Abstract: This paper analyses four possible scenarios for R&D expenditures over the next decade and quantifies efforts from national governments and from the industry under these scenarios as well as the investment gap with respect to a 3% R&D intensity. The paper also analyses trends by country, showing a mixed picture across the EU, and extrapolates these trends over the next decade. The findings suggest that rather low increases in public R&D spending over the last decade call for more public investment in the coming years, further accompanied by a strengthened role of private investment. Furthermore, public R&D investment needs to ensure excellent public science bases and science-based innovation. Beyond effective investment strategies, policy makers also need to consider a broader impact of policies and pursue structural reforms of national R&I systems. Other framework conditions could enable broader diffusion of innovations and support the uptake of digital skills and competencies.

Keywords: R&I investment; foresight; public and private expenditure; R&D intensity target; EU policy (search for similar items in EconPapers)
JEL-codes: O20 O23 O38 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2020-07
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Persistent link: https://EconPapers.repec.org/RePEc:eug:wpaper:ki-bd-20-014-en-n

DOI: 10.2777/85096

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