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Does R&D Expenditure Boost Economic Growth in Lagging Regions?

Author

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  • Viviana Celli

    (Sapienza University of Rome)

  • Augusto Cerqua

    (Sapienza University of Rome)

  • Guido Pellegrini

    (Sapienza University of Rome)

Abstract

We assess the impact of the EU Regional Policy on regional economic growth by applying a new evaluation strategy, which integrates mediation analysis with a quasi-experimental framework. Using the R&D expenditure as an indicator of innovation capability, we evaluate how much of the total effect of the EU Regional Policy is due to R&D in the poorest EU regions. Consistently with the previous literature, we found a positive impact of the overall policy on economic growth, but, among the convergence regions, those investing a higher proportion of funds in R&D have the same convergence rate as regions investing more in other priorities. These findings confirm that the EU Regional Policy played an important role in the economic recovery of the poorest regions in the aftermath of the Great Recession. However, focusing resources on R&D does not seem to provide additional economic benefits, at least in the short run.

Suggested Citation

  • Viviana Celli & Augusto Cerqua & Guido Pellegrini, 2024. "Does R&D Expenditure Boost Economic Growth in Lagging Regions?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 173(1), pages 249-268, May.
    • Handle: RePEc:spr:soinre:v:173:y:2024:i:1:d:10.1007_s11205-021-02786-5
    DOI: 10.1007/s11205-021-02786-5
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    Keywords

    R&D indicator; Territorial competitiveness; Economic growth; EU Regional Policy;
    All these keywords.

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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