IDEAS home Printed from https://ideas.repec.org/p/bwu/eiiwdp/disbei120.html
   My bibliography  Save this paper

EU Innovation Policy: Analysis and Critique

Author

Listed:
  • Paul J.J. Welfens

    (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW))

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.

Suggested Citation

  • Paul J.J. Welfens, 2004. "EU Innovation Policy: Analysis and Critique," EIIW Discussion paper disbei120, Universitätsbibliothek Wuppertal, University Library.
    • Handle: RePEc:bwu:eiiwdp:disbei120
    as

    Download full text from publisher

    File URL: https://eiiw.wiwi.uni-wuppertal.de/fileadmin/eiiw/Daten/Publikationen/Gelbe_Reihe/disbei_120.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. ., 2002. "The Future of the International Monetary System," Chapters, in: Robert A. Mundell & Paul J. Zak (ed.), Monetary Stability and Economic Growth, chapter 10, Edward Elgar Publishing.
    2. ., 2002. "Historical Dynamics: Cosmopolitan and International," Chapters, in: International Trade and Economic Growth in Open Economies, chapter 1, Edward Elgar Publishing.
    3. Robert J. Gordon, 2000. "Does the "New Economy" Measure Up to the Great Inventions of the Past?," Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 49-74, Fall.
    4. Andre Jungmittag, 2004. "Innovations, technological specialisation and economic growth in the EU," International Economics and Economic Policy, Springer, vol. 1(2), pages 247-273, January.
    5. Gerard J. Tellis & Stefan Stremersch & Eden Yin, 2003. "The International Takeoff of New Products: The Role of Economics, Culture, and Country Innovativeness," Marketing Science, INFORMS, vol. 22(2), pages 188-208, October.
    6. N/A, 2002. "Index to International Regional Science Review," International Regional Science Review, , vol. 25(4), pages 441-442, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ekaterina Markova, 2003. "Liberalisation of Telecommunications in Russia," EIIW Discussion paper disbei118, Universitätsbibliothek Wuppertal, University Library.
    2. Smith, G. Stevenson, 2017. "Emergency business management and internet connectivity," Business Horizons, Elsevier, vol. 60(3), pages 353-361.
    3. Paul J.J. Welfens & Vladimir Udalov, 2018. "International Inequality Dynamics: Issues and Evidence of a Redistribution Kuznets Curve," EIIW Discussion paper disbei250, Universitätsbibliothek Wuppertal, University Library.
    4. Anja Lambrecht & Katja Seim & Catherine Tucker, 2011. "Stuck in the Adoption Funnel: The Effect of Interruptions in the Adoption Process on Usage," Marketing Science, INFORMS, vol. 30(2), pages 355-367, 03-04.
    5. Nur Hafeeza Ahmad Pazil, 2018. "Face, Voice and Intimacy in Long-Distance Close Friendships," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 8(11), pages 938-947, November.
    6. Paul J.J. Welfens & Ekaterina Markova, 2004. "Private and Public Financing of Infrastructure: Theory, International Experience and Policy Implications for Russia," EIIW Discussion paper disbei119, Universitätsbibliothek Wuppertal, University Library.
    7. Rauf Gönenç & Béatrice Guérard, 2017. "Austria’s digital transition: The diffusion challenge," OECD Economics Department Working Papers 1430, OECD Publishing.
    8. Lucian Croitoru, 2016. "Are We Systematically Wrong when Estimating Potential Output and the Natural Rate of Interest?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 128-151, June.
    9. Karl Whelan, 2002. "Computers, Obsolescence, And Productivity," The Review of Economics and Statistics, MIT Press, vol. 84(3), pages 445-461, August.
    10. Ahn, Sanghoon, 2003. "Technology Upgrading with Learning Cost," CEI Working Paper Series 2003-21, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    11. Jonathan Temple, 2002. "The Assessment: The New Economy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 18(3), pages 241-264.
    12. Hashmat Khan & Marjorie Santos, 2002. "Contribution of ICT Use to Output and Labour-Productivity Growth in Canada," Staff Working Papers 02-7, Bank of Canada.
    13. Orlando Gomes, 2007. "Investment in organizational capital," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 107-113.
    14. Bussolo Maurizio & de Hoyos Rafael E. & Medvedev Denis & van der Mensbrugghe Dominique, 2012. "Global Growth and Distribution: China, India, and the Emergence of a Global Middle Class," Journal of Globalization and Development, De Gruyter, vol. 2(2), pages 1-29, January.
    15. Kiley, Michael T., 2001. "Computers and growth with frictions: aggregate and disaggregate evidence," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 55(1), pages 171-215, December.
    16. Gebhard Flaig, 2001. "Gibt es einen »New-Economy-Effekt« auf das amerikanische Produktionspotential?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(05), pages 16-21, October.
    17. Alberto Chilosi, 2014. "The Economic System as an End or as a Means, and the Future of Socialism: An Evolutionary Viewpoint," Palgrave Studies in the History of Economic Thought, in: Riccardo Bellofiore & Ewa Karwowski & Jan Toporowski (ed.), Economic Crisis and Political Economy, chapter 1, pages 10-28, Palgrave Macmillan.
    18. Tomasz Kijek & Anna Matras-Bolibok, 2020. "Knowledge-intensive Specialisation and Total Factor Productivity (TFP) in the EU Regional Scope," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 68(1), pages 181-188.
    19. Dale W. Jorgenson & Mun S. Ho & Kevin J. Stiroh, 2008. "A Retrospective Look at the U.S. Productivity Growth Resurgence," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 3-24, Winter.
    20. Szalavetz, Andrea, 2002. "Az informatikai szektor és a felzárkózó gazdaságok [The informatics sector and the advancing economies]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 794-804.

    More about this item

    Keywords

    Integration; R&D; Innovation Policy; Specialization; Network Effects;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bwu:eiiwdp:disbei120. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Frank Hoffmann (email available below). General contact details of provider: http://elpub.bib.uni-wuppertal.de .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.