Autori: Gros, Daniel, Mengel, Philipp Leo, Presidente, Giorgio
Titolo: The EU investment gap is really an R&D gap
Periodico: Economia e politica industriale
Anno: 2025 - Volume: 52 - Fascicolo: 3 - Pagina iniziale: 667 - Pagina finale: 682

This paper examines the prevalent notion of an "investment gap" in Europe. By using data from different sources, we come to three conclusion. First, as a share of GDP, overall investment is higher in Europe than in the US. Second, where Europe significantly lags is in intangible investments, especially in R&D and software. Third, this is due mainly to a composition effect, since European industry is concentrated in mid-tech sectors with low research intensity. We conclude that the current public financing initiatives at the national and EU level that focus mainly on tangible low-risk and thus low-return projects do not foster high-tech industries and innovation, and thus ultimately do little to increase long-term growth in Europe




SICI: 0391-2078(2025)52:3<667:TEIGIR>2.0.ZU;2-#

Esportazione dati in Refworks (solo per utenti abilitati)

Biblioteche ACNP che possiedono il periodico