Knowledge Production in European Union: Evidence From A National Level Panel Data

The knowledge production function framework is used to understand how territories transform specific inputs into knowledge outputs. This article focuses knowledge production function estimation at European Union with twenty five member-states using a data panel analysis between 1999 and 2003. The importance of different variables in knowledge production is tested. The econometric results underline the role of business R&D giving relevant insights for EU decision-makers, to the creation of a more integrated European Research Area and innovation cooperation within Europe.