Turning the tide: how public R&D investment shapes European regional development
评估了欧洲243个NUTS-2地区1980至2019年公共研发投资对GDP、就业和私人研发的影响，发现其在落后地区效果更大，有助于区域趋同和衰退期复苏。
Abstract This paper evaluates the impact of Mission-Oriented Innovation Policies and public R&D investment on regional economic development in Europe by quantifying the responses of GDP, employment and private R&D across 243 NUTS-2 regions from 1980 to 2019. Using linear and non-linear Local Projections methods, we find that public R&D investment generates the largest multiplicative effect and produces a greater impact in lagging regions than in leading ones, underscoring its crucial role in fostering regional convergence and driving technological advancement across European regions. Finally, our findings show that fiscal stimuli are especially effective during periods of deep recession.