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

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 flow...

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Bibliographic Details
Published in:European planning studies 2021-02, Vol.29 (2), p.389-409
Main Authors: Dotti, Nicola Francesco, Spithoven, André, Wautelet, Ariane, Ysebaert, Walter
Format: Article
Language:English
Subjects:
Brussels
Context
Economics
Expenditures
Government spending
Innovations
input-output analysis
local multiplier
Multiplier
Policy analysis
Productivity
Regional analysis
regional innovation system
Research and innovation
Spatial analysis
Spatial distribution
Spillover effect
Supply
Supply chains
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Summary: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.
ISSN:0965-4313
1469-5944
DOI:10.1080/09654313.2020.1758636