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Beyond the “Innovation's Black-Box”: Translating R&D outlays into employment and economic growth.
- Source :
-
Socio-Economic Planning Sciences . Jun2015, Vol. 50, p45-58. 14p. - Publication Year :
- 2015
-
Abstract
- The emergence of the so-called “European Paradox” shows that increasing Governmental R&D Investment is far from being a ‘panacea’ for stagnant growth. Surprisingly, Governmental R&D Employment does not contribute to ‘mass-market’ employment, despite its important role in reducing Youth-Unemployment. Despite the negative side-effect of Governmental R&D Employment on economic growth, 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 Youth-Unemployment and is a policy with a quite robust effect regarding sustainable economic development. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00380121
- Volume :
- 50
- Database :
- Academic Search Index
- Journal :
- Socio-Economic Planning Sciences
- Publication Type :
- Academic Journal
- Accession number :
- 102851746
- Full Text :
- https://doi.org/10.1016/j.seps.2015.04.001