The Role of Regional Innovation Systems (RIS) in Translating R&D Investments into Economic and Employment Growth

• Moutinho, Ricardo Filipe Ferreira ^[1] ; Au-Yong-Oliveira, Manuel ^[2] ; Coelho, Arnaldo ^[3] ; Pires Manso, José ^[1]
  1. [1] Universidade da Beira Interior

     Universidade da Beira Interior

     Covilhã (Conceição), Portugal

     
  2. [2] Universidade de Aveiro

     Universidade de Aveiro

     Vera Cruz, Portugal

     
  3. [3] Universidade de Coimbra

     Universidade de Coimbra

     Coimbra (Sé Nova), Portugal

     

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• Localización: Journal of Technology Management & Innovation, ISSN-e 0718-2724, Vol. 10, Nº. 2, 2015, págs. 9-23
• Idioma: inglés
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• Dialnet Métricas: 1 Cita
• Resumen

  • The emergence of the so-called “European Paradox” shows that increasing Governmental R&D Investment is far from being a ‘panacea’ for stagnant growth. It is worth noting that Governmental R&D Investment does not have a statistically significant impact on employment, indicating the need to assess the trade-offs of policies that could lead to significant increases in government expenditure. Surprisingly, Governmental R&D Employment does not contribute to ‘mass-market’ employment, despite its quite important role in reducing Youth-Unemployment. Despite the negative side-effects of Governmental R&D Employment on both GVA and GDP, University R&D Employment appears to have a quite important role in reducing Unemployment, especially Youth-Unemployment, while it also does not have a downside in terms of economic growth. Technological Capacity enhancement is the most effective instrument for reducing Unemployment and is a policy without any downside regarding sustainable economic development.