Abstract
This paper evaluates the impact of Mission-Oriented Innovation Policies and public R&D investment
on regional economic development in Europe by quantifying the responses of GDP, employment and
private R&D across 243 NUTS-2 regions from 1980 to 2019.Using linear and non-linear Local Projections
methods,we find that public R&D investment generates the largest multiplicative effect and produces a
greater impact in lagging regions than in leading ones,underscoring its crucial role in fostering regional
convergence anddrivingtechnologicaladvancement acrossEuropean regions.Finally,ourfindingsshow
that fiscal stimuli are especially effective during periods of deep recession.
| Original language | English |
|---|---|
| Pages (from-to) | 1-25 |
| Number of pages | 25 |
| Journal | Cambridge Journal of Regions, Economy and Society |
| DOIs | |
| Publication status | Published - 2025 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth -
SDG 9 Industry, Innovation, and Infrastructure
Keywords
- EU regions
- Local Projections
- Mission-Oriented Innovation Policies
- multipliers
- regional public R&D investment
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