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...

This Chapter presents the EU policy context that underlies the need for macroeconomic modelling for the conduct of impact evaluations of R&I funding programmes and provides a critical summary and comparison of the different ex-ante macroeconomic impact assessments of the Horizon Europe Framework...

This chapter discusses the macroeconomic impact evaluation of other policies related to innovation. In particular, two examples are shown on the impact simulation of a reduction to firms' entry barriers and an increase in R&D tax credits. Alternative ways of modelling these two types of policy...

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...

Starting in the late 1970s, European unemployment began to increase while US unemployment remained constant. At the same time, capital-embodied technical change began to accelerate, and the United States adopted the new capital much faster than Europe. I argue that these two facts are related....