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European Innovations Dynamics and US Economic Impact: Theory and Empirical Analysis

Paul Welfens and Tony Irawan ()

No disbei208, EIIW Discussion paper from Universitätsbibliothek Wuppertal, University Library

Abstract: The analysis explains innovations in EU25 for the period 2006-2012, namely through R&D (relative to GDP), cumulated FDI inflows - relative to the host country capital stock - , joint internet intensity, broadband intensity and potential competition. For the first time we can offer a broad analysis of innovation dynamics in Europe that should be the basis not only for better supply-side policy in EU countries and growth policy, respectively, it also suggests a strong role of international digital communication for innovation dynamics. Moreover, the approach gives new important arguments in favor of the TTIP negotiations between the US and the EU.

Keywords: Innovation; TTIP; Foreign Direct Investment; EU; Internet (search for similar items in EconPapers)
JEL-codes: F10 F15 F40 O11 O32 (search for similar items in EconPapers)
Pages: 24 Pages
Date: 2015-06
New Economics Papers: this item is included in nep-cis, nep-cse, nep-ino, nep-knm, nep-tra and nep-ure
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Citations: View citations in EconPapers (4)

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Working Paper: European Innovation Dynamics and US Economic Impact: Theory and Empirical Analysis (2014) Downloads
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