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    Investment in innovation for European recovery: a public policy priority

    Archibugi, Daniele and Filippetti, Andrea and Frenz, Marion (2020) Investment in innovation for European recovery: a public policy priority. Science and Public Policy 47 (1), pp. 92-102. ISSN 0302-3427.

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    The 2008 crisis had severe consequences in Europe, especially for investment, including investments in R&D and innovation. We argue that there are large scientific and technological opportunities that could pave the way to a new stage of social and economic development, but they need appropriate public policies to be seized. A European recovery can come from developing and exploiting these opportunities, but to do so requires a large governmental programme of investment in R&D and innovation that attracts businesses to invest further. The European Union could play a crucial role in this process by pursuing the ambitious goals outlined by the European Council in the Lisbon (2000) and Barcelona (2002) summits, which unfortunately were abandoned because of the economic crisis and the austerity measures. Powerful instruments, such as the Juncker investment plan, and the proposed 2021-2027 Framework Programme Horizon Europe, can provide the right kind of stimulus. A re-organization of the governance of the European innovation and competence building through a proper Council at the EU level is essential.


    Item Type: Article
    Additional Information: This is a pre-copyedited, author-produced PDF of an article accepted for publication following peer review. The version of record is available online at the link above.
    Keyword(s) / Subject(s): R&D, European Union, Juncker Plan, EU Framework Programmes for Research and Technological Development, Research policy, Innovation policy
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Research Centres and Institutes: Innovation Management Research, Birkbeck Centre for
    Depositing User: Marion Frenz
    Date Deposited: 26 Sep 2019 16:00
    Last Modified: 02 Aug 2023 17:54


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