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The 'certain' returns from expenditures for 'uncertain' activities: a local multiplier approach to evaluate regional R&I policy

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Abstract
The paper proposes a policy evaluation approach to estimate the local multiplier effect of (public) R&I expenditures in the context of regional innovation systems (RIS). Starting from input-output tables and recent improvements in local multipliers, the proposed approach tracks all economic flows generated by the initial public R&I expenditures, distinguishing direct impact and subsequent effects on the supply chain, consumption, fiscal flows and inter-regional spillovers. The main interest of this approach is the focus on the 'certain' returns occurring within a RIS, irrespective of their 'uncertain' innovative outcomes, i.e. this approach tracks the economic flows of R&I expenditures even if innovation-oriented activities should fail to provide the expected benefits for regional productivity. The case of Innoviris, the Brussels regional R&I agency, is discussed to validate this approach unpacking the economic flows in a context of strong interregional linkages showing the spatial distribution of economic returns generated by R&I-oriented public expenditures.
Keywords
HIGHER-EDUCATION INSTITUTIONS, INNOVATION SYSTEMS, KNOWLEDGE SPILLOVERS, STRUCTURAL FUNDS, ECONOMIC-IMPACT, INPUT, STATE, UNIVERSITY, CONSTRUCTION, EMPLOYMENT, Research and innovation, input-output analysis, Brussels, local, multiplier, regional innovation system

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MLA
Dotti, Nicola Francesco, et al. “The ‘certain’ Returns from Expenditures for ‘Uncertain’ Activities: A Local Multiplier Approach to Evaluate Regional R&I Policy.” EUROPEAN PLANNING STUDIES, Routledge Journals, Taylor & Francis Ltd, 2020, doi:10.1080/09654313.2020.1758636.
APA
Dotti, N. F., Spithoven, A., Wautelet, A., & Ysebaert, W. (2020). The “certain” returns from expenditures for “uncertain” activities: a local multiplier approach to evaluate regional R&I policy. EUROPEAN PLANNING STUDIES. https://doi.org/10.1080/09654313.2020.1758636
Chicago author-date
Dotti, Nicola Francesco, André Spithoven, Ariane Wautelet, and Walter Ysebaert. 2020. “The ‘certain’ Returns from Expenditures for ‘Uncertain’ Activities: A Local Multiplier Approach to Evaluate Regional R&I Policy.” EUROPEAN PLANNING STUDIES. https://doi.org/10.1080/09654313.2020.1758636.
Chicago author-date (all authors)
Dotti, Nicola Francesco, André Spithoven, Ariane Wautelet, and Walter Ysebaert. 2020. “The ‘certain’ Returns from Expenditures for ‘Uncertain’ Activities: A Local Multiplier Approach to Evaluate Regional R&I Policy.” EUROPEAN PLANNING STUDIES. doi:10.1080/09654313.2020.1758636.
Vancouver
1.
Dotti NF, Spithoven A, Wautelet A, Ysebaert W. The “certain” returns from expenditures for “uncertain” activities: a local multiplier approach to evaluate regional R&I policy. EUROPEAN PLANNING STUDIES. 2020;
IEEE
[1]
N. F. Dotti, A. Spithoven, A. Wautelet, and W. Ysebaert, “The ‘certain’ returns from expenditures for ‘uncertain’ activities: a local multiplier approach to evaluate regional R&I policy,” EUROPEAN PLANNING STUDIES, 2020.
@article{8663779,
  abstract     = {The paper proposes a policy evaluation approach to estimate the local multiplier effect of (public) R&I expenditures in the context of regional innovation systems (RIS). Starting from input-output tables and recent improvements in local multipliers, the proposed approach tracks all economic flows generated by the initial public R&I expenditures, distinguishing direct impact and subsequent effects on the supply chain, consumption, fiscal flows and inter-regional spillovers. The main interest of this approach is the focus on the 'certain' returns occurring within a RIS, irrespective of their 'uncertain' innovative outcomes, i.e. this approach tracks the economic flows of R&I expenditures even if innovation-oriented activities should fail to provide the expected benefits for regional productivity. The case of Innoviris, the Brussels regional R&I agency, is discussed to validate this approach unpacking the economic flows in a context of strong interregional linkages showing the spatial distribution of economic returns generated by R&I-oriented public expenditures.},
  author       = {Dotti, Nicola Francesco and Spithoven, André and Wautelet, Ariane and Ysebaert, Walter},
  issn         = {0965-4313},
  journal      = {EUROPEAN PLANNING STUDIES},
  keywords     = {HIGHER-EDUCATION INSTITUTIONS,INNOVATION SYSTEMS,KNOWLEDGE SPILLOVERS,STRUCTURAL FUNDS,ECONOMIC-IMPACT,INPUT,STATE,UNIVERSITY,CONSTRUCTION,EMPLOYMENT,Research and innovation,input-output analysis,Brussels,local,multiplier,regional innovation system},
  language     = {eng},
  pages        = {21},
  publisher    = {Routledge Journals, Taylor & Francis Ltd},
  title        = {The 'certain' returns from expenditures for 'uncertain' activities: a local multiplier approach to evaluate regional R&I policy},
  url          = {http://dx.doi.org/10.1080/09654313.2020.1758636},
  year         = {2020},
}

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