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WP 4-21

Working paper | 30 dicembre 2021

WP 4-21

Copertina

Questo Working Paper si colloca nell’ambito di una ricerca del Centro di Ricerca in Analisi Economica e Sviluppo Economico Internazionale (Cranec), dal titolo Piattaforme tecnoscientifiche (PTS) e Comunità di Riferimento. Il caso  Mind HumanTechnopole (M-HT) in Milano”, svolta con il contributo di Fondazione Cariplo.

This paper focuses on the development of the European Institute of Innovation & Technology and its political economy after following the Lisbon European Council. We analyse the aggregate impact of EIT grants on the euro area’s GDP (17 countries) using a SVAR technique and we perform a similar time-series exercise for Italy, as a robustness check, for the period 2014Q1-2019Q4. Results indicate that ‘EIT expenditures’ have a positive impact on GDP, both in the case of the euro area and Italy. Such ‘mission-oriented’ spending at the continental level could be a way forward for the eurozone.

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4-21 WP-CRANEC_Barbieri Gahn (definitivo).pdf
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