The Role of Regional Innovation Systems (RIS) in Translating R&D Investments into Economic and Employment Growth

• Autor(a) principal: Moutinho, Ricardo
• Data de Publicação: 2015
• Outros Autores: Au-Yong-Oliveira, Manuel, Coelho, Arnaldo, Pires Manso, José
• Tipo de documento: Artigo
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10316/109224; https://doi.org/10.4067/S0718-27242015000200002
• topic: innovation management; regional innovation systems; economic policy; r&d policy

The emergence of the so-called “European Paradox” shows that increasing Governmental R&D Investment is far from being a ‘panacea’ for stagnant growth. It is worth noting that Governmental R&D Investment does not have a statistically significant impact on employment, indicating the need to assess the trade-offs of policies that could lead to significant increases in government expenditure. Surprisingly, Governmental R&D Employment does not contribute to ‘mass-market’ employment, despite its quite important role in reducing Youth-Unemployment. Despite the negative side-effects of Governmental R&D Employment on both GVA and GDP, University R&D Employment appears to have a quite important role in reducing Unemployment, especially Youth-Unemployment, while it also does not have a downside in terms of economic growth. Technological Capacity enhancement is the most effective instrument for reducing Unemployment and is a policy without any downside regarding sustainable economic development.