On the role of publicly funded R&D for public sector performance

Andrés Maroto Sánchez (), Luis Rubalcaba and Jorge Gallego Martinez ()
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Andrés Maroto Sánchez: Departamento de Análisis Económico (Teoría e Historia Económica). Universidad Autónoma de Madrid.
Jorge Gallego Martinez: Departamento de Análisis Económico (Teoría e Historia Económica). Universidad Autónoma de Madrid.

No 2016/02, Working Papers in Economic Theory from Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History)

Abstract: Public sectors are under increasing pressure to improve their efficiency and to provide better services in order to boost economic growth and social welfare. One significant way in doing this is the promotion of innovation through research and development (R&D) policies. In this context, the aim of the paper is twofold. On the one hand, to briefly review the framework and state of the art on the relationships between R&D, general innovation systems and public sectors. On the other hand, to test the role of public R&D spending on public sector performance (using multivariate techniques and econometric analyses) and efficiency (using a non- parametric approach) in the European case. Results indicate that publicly funded R&D should be considered a dimension of public sector performance, but that it also plays a key role in its efficiency, mainly when the private and public develop complementarities among them. Managerial implications for R&D policy makers follow from these results. Both performance and efficiency of public sectors could be improved through effective R&D public spending.

Keywords: R&D; Innovation; Public sector; Performance; Efficiency; Europe (search for similar items in EconPapers)
JEL-codes: C61 H11 H50 O38 O52 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2016-02
New Economics Papers: this item is included in nep-cse, nep-ino, nep-pbe and nep-sbm
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