 EU Innovation Policy: Analysis and CritiqueNo disbei120, EIIW Discussion paper from Universitätsbibliothek Wuppertal, University Library Abstract: We analyze selected features of the innovation dynamics and innovation policy in the EU and the US. From a theoretical and empirical perspective specialization in high technology contributes to economic growth. The comparative analysis on Europe and the US suggests that the United States has achieved a considerable technological lead in the 1990s. As regards innovation dynamics in EU-25 it is shown that eastern European accession countries are far behind the EU-15 so that imitation processes and diffusion of innovations, respectively, play a crucial role in accession countries; in some of these countries there has been a considerable acceleration of Schumpeterian dynamics in the 1990s. The expansion of information and communication technology implies a greater significance of digital network effects - a mechanism that should be taken into account by policy makers. As regards policy perspectives we suggest some refinements in EU innovation policy which should be more focussed on market-relevant progress on the one hand and core fields of basic knowledge on the other hand while putting due emphasis on manageable projects. Keywords: Integration; R&D; Innovation Policy; Specialization; Network Effects (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bwu:eiiwdp:disbei120 Access Statistics for this paper More papers in EIIW Discussion paper from Universitätsbibliothek Wuppertal, University Library |
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