Turning the tide: how public R&D investment shapes European regional development

Giovanna Ciaffi; MARIA CRISTINA BARBIERI GOES; Matteo Deleidi; Antonino Lofaro

doi:10.1093/cjres/rsaf018

Turning the tide: how public R&D investment shapes European regional development

Giovanna Ciaffi
, MARIA CRISTINA BARBIERI GOES
, Matteo Deleidi
, Antonino Lofaro

Dipartimento di Studi per l'Economia e l'Impresa

Risultato della ricerca: Contributo su rivista › Articolo in rivista › peer review

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.

Lingua originale	Inglese
pagine (da-a)	1-25
Numero di pagine	25
Rivista	Cambridge Journal of Regions, Economy and Society
DOI	https://doi.org/10.1093/cjres/rsaf018
Stato di pubblicazione	Pubblicato - 2025

OSS delle Nazioni Unite

Questo processo contribuisce al raggiungimento dei seguenti obiettivi di sviluppo sostenibile

SDG 8 Lavoro dignitoso e crescita economica
SDG 9 Imprese, innovazione e infrastrutture

Keywords

EU regions
Local Projections
Mission-Oriented Innovation Policies
multipliers
regional public R&D investment

Accesso al documento

10.1093/cjres/rsaf018

https://hdl.handle.net/11579/215026

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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.",

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author = "Giovanna Ciaffi and \{BARBIERI GOES\}, \{MARIA CRISTINA\} and Matteo Deleidi and Antonino Lofaro",

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AU - BARBIERI GOES, MARIA CRISTINA

AU - Deleidi, Matteo

AU - Lofaro, Antonino

PY - 2025

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AB - 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.

KW - EU regions

KW - Local Projections

KW - Mission-Oriented Innovation Policies

KW - multipliers

KW - regional public R&D investment

KW - EU regions

KW - Local Projections

KW - Mission-Oriented Innovation Policies

KW - multipliers

KW - regional public R&D investment

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DO - 10.1093/cjres/rsaf018

M3 - Article

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JO - Cambridge Journal of Regions, Economy and Society

JF - Cambridge Journal of Regions, Economy and Society

ER -

Turning the tide: how public R&D investment shapes European regional development

Abstract

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Keywords

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