Lock-in effects of eu r&d spending on regional growth. A non-parametric and semi-parametric conditional quantile regressions approach

• Autores: Marta Espasa Queralt, Daniel Montolio, Antonio Acconcia, Leone Leonida
• Localización: Working papers = Documentos de trabajo: Serie EC - (Instituto Valenciano de Investigaciones Económicas), Nº. 12, 2002, 31 págs.
• Idioma: inglés
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• Resumen

  • 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 semi-parametric 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.