%0 Generic %A Radosevic, S %C Brussels %D 2016 %F discovery:1503409 %I Publications Office of the European Union %K public R&D, science - industry links, central and eastern europe, South EU, R&D and growth %P 119-139 %T The role of public research in economic development %U https://discovery.ucl.ac.uk/id/eprint/1503409/ %X The chapter explores the effects of public R&D on productivity and growth. We summarise the main stylised facts and show that our understanding of the benefits of public R&D is limited and that a broader approach is needed which takes account of a wider range of benefits from public R&D. Specifically, we explore these issues in the context of Central and Eastern Europe (CEE) and Southern Europe as two EU ‘catching-up’ regions. We show that the links between science and industry in these regions are stronger than is commonly assumed, but that we need a better understanding of the nature of these links and their intensity. %Z © European Union 2016. Reproduction is authorised provided the source is acknowledged.