Open for Growth? Evidence on EU countries

The European Commission’s Joint Research Centre published a report which noted that the Open Innovation concept has pervaded the academic and policy debate, due to its potential to further stimulate the circulation of knowledge across business partners and institutions and, consequently, to increase their innovation potential. The contribution of this paper is to unveil the economic returns associated to such a model, to answer the main question whether the productivity growth slowdown observed in the EU in recent years could be overcome through a more open and dynamic innovation environment. Results confirm the role of Open Innovation in stimulating – even at the aggregate level – innovation, and, to a limited extent, to economic returns.

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