Macroeconomic Modelling of R&D and Innovation Policies

This open access book encompasses a collection of in-depth analyses showcasing the challenges and ways forward for macroeconomic modelling of R&D and innovation policies. Based upon the proceedings of the EC-DG JRC-IEA workshop held in Brussels in 2017, it presents cutting-edge contributions from a number of leading economists in the field. It provides a comprehensive overview of the current academic and policy challenges surrounding R&D as well as of the state-of-the-art modelling techniques.
The book brings to the forefront outstanding issues related to the assessment of the macroeconomic impact of R&D policies and its modelling. It speaks to the rising importance of R&D and innovation policy, and the proliferation of macroeconomic models featuring endogenous technological change.
The contents of this book will be of interest to both academic and policy audiences working in the fields of R&D and innovation.

This book is open access, which means that you have free and unlimited access A journey into macroeconomics and innovation New horizons in innovation policy economic impact assessment European Commission macroeconomic models Frontier research in endogenous growth theory with firm heterogeneity

Autorentext

Ufuk Akcigit is Associate Professor of Economics at the University of Chicago and a faculty research fellow at the NBER and CEPR.

Cristiana Benedetti Fasil is Economic Analyst at the Joint Research Centre of the European Commission.

Giammario Impullitti is Associate Professor at the University of Nottingham.

Omar Licandro is Professor at the University of Nottingham.

Miguel Sanchez-Martinez is Economic Analyst at the Joint Research Centre of the European Commission.

Inhalt

1. Introduction.- Part I. Macroeconomic Modelling of Innovation Policy: State-Of-The-Art.- 2. Innovation, Public Policy and Growth: What the Data Say.- 3. Innovation and Growth: Theory.- 4. The Frontier of Macroeconomic Modelling: Proceedings of the JRC-IEA Workshop 2017.- Part II. Impact Assessment of Innovation Policies: Models and Examples for the European Union.- 5. The RHOMOLO spatial CGE model.- 6. The QUEST III R&D Model.- 7. The NEMESIS macro-econometric model.- 8. Taking Stock.- 9 Other Innovation Policies and Alternative Modelling Approaches.- Part III. Conclusions.