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Capabilities, Innovation and Economic Growth in EU Regions

Bibliographic Data

ID18965535
AuthorsMichele Capriati (0000-0001-7161-0525, corresponding author)
Year2022
Volume23
Issue3
Pages373-399
Publication date2022-07-03
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of Human Development (JOURNAL)
Journal identifiersISSN: 1464-9888 • E-ISSN: 1469-9516
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/19452829.2021.2008886
OpenAlexW4200622261
LanguageEN
Citations received4
References cited50

This article discusses the links between human development, innovation and economic growth. After a brief theoretical preamble, I present a framework bringing together the relationships between those processes in a circular causation diagram. I then examine these relationships using data on 266 European regions covering the period 2000–2015. I test two econometric models: one based on panel (3SLS), the other on spatial analysis (SAR). The first helps me explore, in more detail, the relationship between innovation, human development and income. The results indicate a mutually reinforcing relationship between them. The associations between human development and innovation, and GDP and innovation are found to be particularly strong. The spatial analysis further confirms the existence of virtuous circles and the presence of spatial interrelationships, both in terms of spillover and feedback effects. Consequently, I argue, these variables should be promoted simultaneously. I highlight two points that seem especially worthy of being developed in future work: the importance of setting human development as the ultimate goal of innovation policy, and the need to formulate macroeconomic policies fostering innovation and human development

Causation · Econometrics · Economic geography · Economic growth · Economic system · Economics · Human capital · Macroeconomics · Panel data · Political science · Preamble · Regional science · Sociology · Spillover effect · Computer Science · Economic Growth and Productivity · Engineering · Regional Development and Policy · Regional Economics and Spatial Analysis

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Unique citing works4
Citations per year2
Citation span2024 - 2026 (3)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 4

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