Skip to main content
Research and innovation
Report

A policy toolkit to increase research and innovation in the European Union

Details

Identification
978-92-76-46516-4, KI-BD-22-001-EN-N
Publication date
22 February 2022
Author
Directorate-General for Research and Innovation
Related department
Directorate-General for Research and Innovation

Description

What research and innovation (R&I) policies should Europe adopt? The world faces a challenge to rebuild after the pandemic, but also faces the same structural slowdown of productivity growth that occurred in the decades before the COVID crisis.

This paper argues that Europe needs a comprehensive Growth Plan, based around innovation to generate an equitable increase in living standards. It demonstrates that Europe is less innovative on many dimensions compared to other advanced regions, such as the US and parts of Asia. It reviews the econometric evidence on R&I policies and argue that there is good evidence for the efficiency of many of them.

A mix of R&D subsidies, reinvigorated competition and a big push on expanding the quantity and quality of human capital is needed. These could be bound together around the need for green innovation in order to achieve the mission to radically reduce carbon emissions.

Authors : Andreas Teichgraeber, John Van Reenen

Files

A policy toolkit to increase research and innovation in the European Union
English
(274.29 KB - HTML)
Download