Mc Morrow, Kieran; Röger, Werner - Economics Department, European Investment Bank (EIB) - 2009
estimates using a semi-endogenous growth model with a calibrated knowledge production sector. We analyse how R&D subsidies, a … knowledge investment in the EU. The simulation results show that substantial efforts will have to be made if Europe wants to … come close to achieving the Lisbon productivity and knowledge-investment targets. Achieving US standards in all three areas …