Economics and Policies for Innovation and Technological Change

This program focuses on innovation and technological change and how these impact economic dynamics and social welfare, within both national as well as commercial contexts. For this purpose, we seek to develop research, instruction and institutional collaboration at international, national and regional levels.

In pursuit of these objectives, we pair extensive research and teaching experience with a particular richness in international cooperation and a team that combines field work with collaborative research in an open network, utilizing new long distance methods of communication and cloud technology.

Areas of Research

1. Macroeconomics, Innovation and Competition. 
Coordinator: Jose Molero, Professor of Applied Economics. Complutense University of Madrid.

Globalization and Innovation. This is a topic of particular interest. We examine the relationships between the growing internationalization of economic activity and the strategic behavior of firms and institutions. We highlight the role played by multinational firms and their way in which they pursue innovation and competitive advantages.
Innovation and Competition. We delve into the relationships between innovation, economic growth and competition, within the context of how these affect the development of economies and institutions.

2: Microeconomics, Firms and Institutions
Coordinator: Antonio Hidalgo, Professor of Business. Politécnica University of Madrid.

Innovation in business, determinants and effects. We focus on the nature of successful innovation strategies, on what makes them successful, and on their economic and technological consequences, within the context of sectorial and microeconomic factors
Integration of information and cooperation. The evolution of innovation towards more open organizational structures and the complex influences of information and knowledge in this process necessitates a deeper understanding of how different agents integrate the knowledge they create to develop other private and public entities. Cooperation plays a significant role in this phenomenon.

3. Policies for Innovation.
Coordinator: José de No, Superior Council of Scientific Research

Innovation and Policy.  In this area we develop models to support both the design and the evaluation of policies that promote innovation, within the context of their efficiency and overall impact.
Public financing of research and development. Budgets. This is a more recent project dealing with the international concern over the impact of public budget cuts on research and development.

Research Team

GRINEI is working to create training modules in “R&D Management and Innovation,” with the goal of offering to the public a multidisciplinary and quality program, bolstered by active participation and support from national and international experts in the field, with a wide variety of course offerings in R&D management and innovation as well as in management of scientific and technological organizations, ranging from “Energy and the Environment” to “Biotechnology and Molecular Biology.” These ad-hoc modules are designed to guarantee efficiency and to ensure the maximum benefit of the participants.

Research Projects / Collaborations / Activities
  • The globalization of production, innovation and competition (2010-2013). Funded by Junta de Andalucía.
  • The globalization of production, innovation and competition (2010-2013). Funded by Junta de Andalucía.
  • Evaluation of the EUROSTARS program (2009-2010). Funded by the European Commission.
  • The integrated management of resources project for research and development (SIGRID) (2005-2010). Funded by the Ministry of Education.
  • Inequality. Mechanisms, Effects and Policies, (INEQ) (2006-2009). Funded by the European Commission.
  • Evaluation of the Science and Technology for Development Program (CYTED) (2009). Funded by SEGIB

In addition, we have engaged in a number of collaborative efforts, some temporary, others on-going. The following are among our most salient projects:

  • Foro de Empresas Innovadoras (FEI). Co-founded by Professor Molero (currently the vice-president), the FEI is a think tank where leaders in the business world and the University come together to analyze the state of innovation in Spain, the role of public-private partnership and the most suitable policy measures to address current problems.
  • Parque Científico de Madrid (PCM). Directed by the Complutense and Autónoma Universities of Madrid, it is an essential part of giving back to the community. Several representatives from ICEI are collaborating with CEINNTEC (Center for the Study of Innovation and Technology), and Professor Molero is a member of the Advisory Committee of the PCM.
  • Confederación de Sociedades Científicas de España (COSCE). Professor Molero coordinates the commission of COSCE for the analysis of the State budget for research and development.
  • Club Español de la Energía. (ENERCLUB). ICEI participates in ENERCLUB research networks studying energy innovation.
  • United Nations Economic Commission for Europe (UNECE). Professor Molero is a member of the group Innovation Policies y Competitiveness. This group works with analysis and evaluation of innovation policies and the competitiveness of European countries in transition.

Our most recent collaborations include the following organizations:

European Commission, European Institute of Technology (EIT), EUREKA Program, Ministerio de Economía e Innovación, Centro para el Desarrollo Tecnológico Industrial (CDTI), Ministerio de Industria, Escuela de Organización Industrial, Fundación OPTI, Asociación Multisectorial de Empresas de la Electrónica, las Tecnologías de la Información y Comunicación, de las Telecomunicaciones y de los Contenidos Digitales (AMETIC), Confederación de Empresas de Madrid (CEIM), Ayuntamiento de Madrid, Junta de Andalucía, , Instituto de Salud Carlos III, Consejo Superior de investigaciones Científicas, , TECNALIA, Technical University of Lisbon, Sussex University, Manchester University, University of Calabria, Mid Sweden University, Uppsala University, NUPI/TIK, Oslo University, Pompeu Fabra University, Politécnica University of Valencia, University of Salamanca, University of Sevilla, and University of Jaén.


The Master"s Program in Economics and Innovation Management (MEGIN) and the Doctoral Program in Economics and Innovation Management (DEGIN) are both taught jointly by the Complutense, Autónoma and Politécnica Universities of Madrid and praised for their quality and excellence by the Ministry of Education.

The overall objective of MEGIN is the training of qualified personnel in Economics and Technology Policy and Innovation Management, thus contributing to the development of research and its practical application in the public and private sectors concerning issues related to technological innovation from an economic and business perspective. For its part, DEGIN aims to create an area of research excellence in the same fields, with close collaboration with the best universities in Europe (



  • J. Laviña y J. Molero (2012): Innovación, Productividad y Competividad para una nueva economía. Foro de Empresas Innovadoras. Madrid.
  • M Muñoz (directora), J. Molero, E. Moral, E. Bernal y A. García (2013): La internacionalización de las empresas de servicios, innovación y competitividad. Junta de Andalucía, Jaen.


Chapters (Books):

  • J. Molero y J. Garcia Quevedo (2103): “ Innovación y cambio tecnológico”. En J.L. Garcias Delgado y R. Myro (directores): Lecciones de Economía Española. 11ª edición. Thomson. Madrid
  • J Molero (2012): “Innovación tecnológica y competitividad en tiempos de crisis en Europa “ En:   El impacto de la crisis económica en el área de seguridad y defensa. Monografias del CESDEN . Ministerio de Defensa, Madrid.



  • Castellacci,F., Natera, J.M. (2013a). The dynamics of national innovation systems: A panel cointegration analysis of the coevolution between innovative capability and absorptive capacity. Research Policy 42.
  • Castellacci, F., Natera, J.M. ( 2013b) . Innovation, Absorptive Capacity and Growth Heterogeneity: Development Paths in Latin America 1970–2010. Structural Change and Economic Dynamics (en prensa).
  • Fisher, B.B. y Molero, J. (2013): “Firms segmentation as a tool for R&D policy evaluation”. Journal of Technology Management and Innovation. Nº 4.
  • Fisher, B.B. y Molero, J. (2012): Towards a Taxonomy of Firms Engaged in International R&D networks. An Evaluation of the Spanish Participation in Eureka. Journal of Technology Management and Innovation. Nº 3
  • Molero, J. (2013): “La industria a la espera de una nueva política”. Economistas, nº 135.
  • Molero, J. y Rama R. (2013): “La internacionalización de las empresas españolas del sector tic. marco general y experiencias de éxito”. Economistas (en prensa).
  • Natera, J.M., Pansera, M., (2013). How innovation systems and development theories complement each other. Prometheus (en prensa).
  • Santos Arteaga, F.J. y Molero,J. (2012): “Collapsing Europe Structurally and Financially: the basics”.  SSRN (en línea).

 Program Director



 José Molero
José Molero

  • UCM Researchers
    • Carlos Díaz de la Guardia
    • Concepción Latorre Muñoz
    • Inés Granda
    • Michelline Boueri
    • Yenni Villamar
    • Luis Zurita
    • Juan A. Fernández Edesa
    • Mayela Saraí López Castro

  • Other Researchers:
    • Daniele Archibugi, Birbeck College, University of London (UK)
    • Sara Barcenilla, University of Zaragoza
    • John Cantwell, University of Rutgers, New Jersey (US)
    • Paloma Centenera, Pontifical University of Salamanca
    • Antonio García, University of Sevilla
    • Antonio Hidalgo, Politécnica University of Madrid
    • Santiago López, University of Salamanca
    • Vitor Corado Simoes, Technical University of Lisboa (Portugal)
    • Xavier Vence, University of Santiago de Compostela
    • Chunyan Zhou, University of Shenyang (China)
    • Jakob Edler, Manchester Institute of Innovation (UK)
    • Marta Muñoz, University of Jaén
    • Parimal Patel,SPRU, Univeristy of Sussex (UK)
    • Javier Portela, Complutense University of Madrid. Ruth Rama. CSIC
    • Fulvio Castelacci, NUPI, Norway
    • Carmen Avilés, Graduate Researcher, Politécnica University of Madrid
    • Isabel Álvarez. Profesora Titular, UCM
    • José Miguel Natera
    • Debora Di Caprio
    • Francisco J, Santos Arteaga

  • Other members incorporated as part of open collaborative efforts:
    • Bruno Fisher, University of Sao Paulo.
    • Georgina Maldonado, ITESM, México.
    • Antonio Reus, Graduate Student.
    • Roberto Mavilia, University L. Bocconi, Milan.
    • Miram Mate, Graduate Student.
    • Claudio Arcos, Ecuador.
    • Renata Miranda, Brasil.
    • Alberto Méndez, Colombia.
    • Cynthia Mendez, Ecuador.
    • Anderson Argothy, Ecuador.
    • Leandro Spertino, Argentina/ Germany.