Conference in Economics and Finance 2009
- Date: 22 October 2009
- Location:100, boulevard Konrad Adenauer
Luxembourg
Luxembourg
The conference brought together academics, policy makers and companies to discuss R&D and innovation-related policy issues. It shedded light on the size and productivity effects of investment in R&D and other intangibles and examined the determinants of R&D and patenting. Moreover, questions on the financing of innovation played centre-stage, such as whether finance is different for young innovative firms and how to overcome their financing constraints. The papers presented at the conference will be published in Volume 14 (2009) of the EIB Papers.
The EIB Conference in Economics and Finance is an annual event organised by the Economic and Financial studies (EFS) division. EFS is the think-tank of the Bank. It supports the Bank’s strategic decision-making through targeted research covering diverse fields in economics and finance.
| Agenda | |
| 8:30 | Registration and coffee |
| 8:45 | Opening address
Philippe Maystadt (President of the EIB) |
| Session 1: Intangible capital - facts and figures | |
| 1. | R&D expenditures and capital in Europe Hubert Strauss (Economic & Financial Studies, EIB) |
| 2. | Measuring intangible capital in Europe Bart van Ark (Conference Board and University of Groningen) |
| 3. | R&D capital and economic growth: the empirical evidence Werner Roeger (European Commission, DG ECFIN) |
| 10:30 - 11:00 | Coffee break |
| Session 2: The economics of R&D | |
| 1. |
Introduction: Why do firms invest in R&D? |
| 2. |
Publicly funded R&D collaborations: the virtue of industry-science partnerships |
| 3. | A Policy to boost R&D: does the R&D tax credit work? Jacques Mairesse (CREST, ENSAE, Paris; NBER) |
| 4. | The R&D-patent relationship: an industry perspective Bruno van Pottelsberghe (ULB Brussels and BRUEGEL) |
| 12:45 - 14:00 | Lunch break |
| Session 3: Financing innovation |
|
| 1. | Is finance different for innovative firms? Bronwyn H.Hall (University of California at Berkeley and UNU-MERIT) |
| 2. | The role of venture capital in alleviating financial constraints of innovative firms Laura Bottazzi (Bologna University) |
| 15:00 - 15:20 | Coffee Break |
| 3. |
Financing technology transfer Jacques Darcy (European Investment Fund) |
| 4. | The role of patents and licenses in securing external finance for innovation Dietmar Harhoff (Institute for Innovation Research, Technology Management and Entrepreneurship Ludwig-Maximilians University Munich) |
| 16:30 | Concluding comments Plutarchos Sakellaris (EIB Vice President) |
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