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Investimento pubblico e privato in R&S: effetto di complementarietà o di sostituzione?

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Abstract

The purpose of this paper is to analyze the relationship between public and private research funding. Data from Eurostat are used. The methodology applies econometric models based on regression analyses. The main results are: public R&D expenditure is a complement for private R&D one, but the latter has to be higher than the former to be a determinant for economic growth of countries. These results can be affected by several factors concerning the structure of National System of Innovation as well as Triple Helix interaction. In addition this research shows that the composition of public and private magnitude of national investment in research depends on the level of country development.

Suggested Citation

  • Mario Coccia, 2008. "Investimento pubblico e privato in R&S: effetto di complementarietà o di sostituzione?," CERIS Working Paper 200804, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    • Handle: RePEc:csc:cerisp:200804
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    Keywords

    Research Funding; Economic Growth; Comparative Study; Research Policy;
    All these keywords.

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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