New Perspectives on R&D and Innovation
On October 22, the European Investment Bank (EIB) held a “Conference in Economics and Finance 2009”, which brought together academics, policy makers and companies to discuss R&D and innovation-related policy issues. Among the topics discussed were the size and productivity effects of investment in R&D and other intangibles, the determinants of R&D, and patenting issues. However, the financing of innovation played centre-stage. Participants examined whether finance is different for young innovative firms and how to overcome their financing constraints.
The proceedings from the conference are a great resource for policymakers. The presentations are available in this link. Some examples are:
• A policy to boost R&D: does the R&D tax credit work? by Jacques Mairesse, CREST/UNU MERIT and Damien Lentile ENS/ Paris School of Economics
• The R&D patent relationship: an industry perspective by J. Danguy, G. de Rassenfosse and Bruno Van Pottelsberghe
• Financing innovation by Bronwyn H. Hall, University of California at Berkeley and University of Maastricht
The papers presented at the conference will be published in Volume 14 (2009) of the EIB Papers.