Research and innovation as sources of renewed growth? EU policy responses to the crisis

Abstract:

An important element of the EU policy discourse during times of crisis has been a call to invest more in research and innovation as sources of future growth. To study the effects of crisis in this policy area, this article draws on an analysis of expert interviews, policy documents and relevant literature. It argues that the crisis has led to incremental and path-dependent changes in EU policy instruments and priorities. To respond to the crisis, EU research and innovation policy has focused on two main issues. Firstly, it has aimed to facilitate structural reforms and to increase the level, quality and efficiency of public and private investments in research and innovation at the national level. Secondly, the EU has increased its own research and innovation funding. These decisions have involved compromises between the European Commission, the European Parliament, the Council and stakeholder organisations.