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Institutions, investments and technology: The EU evidence points to the need for stronger policy environments

Theofanis Papageorgiou & Giannis Vrettos

Journal of Policy Modeling2026https://doi.org/10.1016/j.jpolmod.2026.02.009article
AJG 2ABDC A
Weight
0.50

Abstract

This paper examines how institutional quality shapes investment decisions and, consequently, technological development within European Union economies. Building on both classical and modern institutionalist frameworks, it conceptualizes innovation as a process embedded in broader social and political structures. Using panel data from 2002–2019, the analysis explores how regulatory quality and control of corruption interact with macroeconomic factors such as trade openness and foreign investment to influence sectoral investment allocation. The findings reveal that stronger institutional environments foster investment in innovation-intensive industries, enhancing technological capabilities and supporting sustainable, innovation-driven growth across EU member states.

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https://doi.org/https://doi.org/10.1016/j.jpolmod.2026.02.009

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@article{theofanis2026,
  title        = {{Institutions, investments and technology: The EU evidence points to the need for stronger policy environments}},
  author       = {Theofanis Papageorgiou & Giannis Vrettos},
  journal      = {Journal of Policy Modeling},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1016/j.jpolmod.2026.02.009},
}

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Institutions, investments and technology: The EU evidence points to the need for stronger policy environments

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.