Abstract
Following the loss of competitiveness of most European countries with respect to the other major economic powers since the 1970s, as part of its “Europe 2020” programme, the European Union has set the objective to allocate 3% of the GDP to research and development (R&D). As part of its national reform programme, Belgium decided to follow this objective. This analysis attempts to highlight this effort at the level of the Belgian federated entities according to forecast hypotheses for GDP, R&D expenditure and its distribution between the private and public sector for 2020. With respect to the hypotheses considered, the Brussels Region would only achieve 1.9% of the GDP by this time, mainly due to a lack of private R&D expenditure in the regional territory. The Flemish Region would basically reach the objective in 2020 and the Walloon Region would exceed it thanks to a significant increase in private expenditure. At national level, Belgium would reach the objective in 2020 overall, thanks to compensations, in particular in terms of private expenditure, between the Walloon and Brussels regions
Highlights
At the Barcelona summit in 2002, the European Union had decided to realise these efforts via an objective in terms of rate of research and development (R&D)
The following sections of this article will take up this frame of reference, applied to each region by distinguishing the R&D expenditure for the public and private sectors in order to determine the position of the Brussels Region with respect to the other regions in terms of efforts to agree to in view of meeting the objective of 3% of the GDP for Belgium in 2020 [Biatour and Kegels, 2008; Biatour et al, 2005 and Fiers, 2005)
The expenditure for the French Community increased by 119.2% during the period with an average annual growth rate of 4.5%, which was slightly higher than the average annual growth rate of the total R&D expenditure for the Brussels Region
Summary
Brussels and the “Europe 2020” objective Financement régional des dépenses en recherche et développement.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
