Template-Type: ReDIF-Paper 1.0
Template-Type: ReDIF-Paper 1.0
Author-Name: Giovanni Barbieri
Author-Name-First: Giovanni
Author-Name-Last: Barbieri
Author-Name: Santiago José Gahn
Author-Name-First: Santiago José
Author-Name-Last: Gahn
Title: European Institute of Innovation and Technology grants as a ‘mission-oriented’ policy: a preliminary quantitative analysis for the euro area and Italy
Abstract: This paper focuses on the development of the European Institute of Innovation & Technology and its political economy after following the Lisbon European Council. We analyse the aggregate impact of EIT grants on the euro area’s GDP (17 countries) using a SVAR technique and we perform a similar time-series exercise for Italy, as a robustness check, for the period 2014Q1-2019Q4. Results indicate that ‘EIT expenditures’ have a positive impact on GDP, both in the case of the euro area and Italy. Such ‘mission-oriented’ spending at the continental level could be a way forward for the eurozone.
Keywords: European Institute of Innovation & Technology, Public Expenditures, technology platforms, Europe, Italy
Classification-JEL: F55, O38, O52
Creation-Date: 2021
File-URL: https://centridiricerca.unicatt.it/cranec-4-21%20WP-CRANEC_Barbieri%20Gahn%20(definitivo).pdf
File-Format: Application/PDF
Number: crn2104       
Handle: RePEc:crn:wpaper:crn2104