R&D, spillovers, innovatoin systems and the genesis of regional growth in Europe

Andrés Rodríguez-Pose and Riccardo Crescenzi

No 67, Departmental Working Papers of Economics - University 'Roma Tre' from Department of Economics - University Roma Tre

Abstract: Research on the impact of innovation on regional economic performance in Europe has fundamentally followed three approaches: a) the analysis of the link between investment in R&D, patents, and economic growth; b) the study of the existence and efficiency of regional innovation systems; and c) the examination of geographical diffusion of regional knowledge spillovers. These complementary approaches have, however, rarely been combined. Important operational and methodological barriers have thwarted any potential crossfertilization. In this paper, we try to fill this gap in the literature by combining in one model R&D, spillovers, and innovation systems approaches. A multiple regression analysis is conducted for all regions of the EU-25, including measures of R&D investment, proxies for regional innovation systems, and knowledge and socio-economic spillovers. This approach allows us to discriminate between the influence of internal factors and external knowledge and institutional flows on regional economic growth. The empirical results highlight how the interaction between local and external research with local and external socio-economic and institutional conditions determines the potential of every region in order to maximise its innovation capacity. They also indicate the importance of proximity for the transmission of economically productive knowledge, as spillovers show strong distance decay effects. In the EU-25 context, only the innovative efforts pursued within a 180 minute travel radius have a positive and significant impact on regional growth performance.

Keywords: Economic growth; innovation; R&D; knowledge; spillovers (search for similar items in EconPapers)
JEL-codes: R11 R12 R58 (search for similar items in EconPapers)
Pages: 45
Date: 2006-10
New Economics Papers: this item is included in nep-eff, nep-geo, nep-ino, nep-ipr, nep-pr~, nep-knm and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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Related works:
Working Paper: R&D, Spillovers, Innovation Systems and the Genesis of Regional Growth in Europe (2006)
Working Paper: R&D, Spillovers, Innovation Systems and the Genesis of Regional Growth in Europe (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:rtr:wpaper:0067

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