Ten-year evolution of EU industrial R&D in the global context

Pietro Moncada-Paternò-Castello and Hector Hernandez
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Hector Hernandez: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No JRC112653, JRC Research Reports from Joint Research Centre

Abstract: More than a quarter of the industrial investment in global R&D is made by EU companies. In the last decade EU companies have increased their specialisation in medium-tech sectors, with a significant R&D share increase in the Automobile sector and a decrease in the Aerospace & Defence sector. EU shows an insufficient number of companies and a small number of global players in key (high-tech) sectors such as Biotechnology, Software and IT hardware. Conversely, competing economies are much stronger in these newer high-tech sectors and have maintained and even reinforced such strength. The high-tech innovation-led competitiveness of some countries has benefitted from proactive industrial policies which have supported targeted sectors and markets. Clear examples are those of the USA, South Korea and China. Promising undertakings are proposed by the European Commission to foster industrial competitiveness, innovation and technological leadership, also addressing the EU private investment gap in R&I. Industrial dynamics at company level provide insights into policy strategies to strengthen EU corporate R&D and to improve the competitiveness of innovation-driven industries.

Keywords: Industrial R&D; EU innovation policy (search for similar items in EconPapers)
Pages: 7 pages
Date: 2018-07
New Economics Papers: this item is included in nep-cse, nep-ino and nep-sbm
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