Resumen de Lock-in effects of EU R&D spending on regional growth.: A non-parametric and semi-parametric conditional quantile regressions approach
Antonio Acconcia, Marta Espasa Queralt, Leone Leonida, Daniel Montolio
The purpose of this paper is twofold. First, we study the allocation of European Union (EU) expenditure in Research and Development (R&D) across European regions. Second, we focus on the effects of this variable on regional per capita GDP levels, and on regional growth rates. Using non-parametric and semiparametric conditional quantiles, we found empirical evidence in favour of different effects of R&D expenditure among conditional quantiles of the per capita income distribution, and of the growth rates distribution. Moreover, we find a �lock-in effect� of R&D spending. A positive relation between growth rates and this component of the EU expenditure is estimated for regions with higher growth rates, with these regions tending to have a higher and common growth rate as R&D expenditure increases. Furthermore, slow growth regions seem to approach to a common but lower growth rate. The estimates relative to the relationship between the per capita regional GDP and the R&D spending confirm these findings.
