Template-Type: ReDIF-Paper 1.0
Author-Name: Santiago José Gahn
Author-Name-First: Santiago José
Author-Name-Last: Gahn
Title: On the long-run relationship between R&D expenditures and GDP: some considerations for the case of Italy (1963-2013)
Abstract: This paper analyses empirically the long-run relationship between ‘pure’ public expenditures on Research and Development and GDP for the case of Italy (1963-2013). The results show that a 1% increase in ‘pure’ public research and development expenditure increases output by 0.1%. This shows that, as the consensus in the literature indicates, this type of expenditure has a persistent effect on GDP and calls for a review of the austerity policies that have been pursued in Italy on this type of expenditures since 1991. 
Keywords:  Italy, research and development, Public Expenditures, public policy, structural change
Classification-JEL: L16, N14, O30, O47
Creation-Date: 2022
File-URL: https://centridiricerca.unicatt.it/cranec-Gahn%201_22%20(Pubblicato).pdf
File-Format: Application/PDF
Number: crn2201       
Handle: RePEc:crn:wpaper:crn2201