This open access book encompasses a collection of in-depth analyses showcasing the challenges
and ways forward for macroeconomic modelling of R&D and innovation policies. Based upon the
proceedings of the EC-DG JRC-IEA workshop held in Brussels in 2017 it presents cutting-edge
contributions from a number of leading economists in the field. It provides a comprehensive
overview of the current academic and policy challenges surrounding R&D as well as of the
state-of-the-art modelling techniques. The book brings to the forefront outstanding issues
related to the assessment of the macroeconomic impact of R&D policies and its modelling. It
speaks to the rising importance of R&D and innovation policy and the proliferation of
macroeconomic models featuring endogenous technological change. The contents of this book will
be of interest to both academic and policy audiences working in the fields of R&D and
innovation.
