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The European Union’s growing innovation divide. Bruegel Policy Contribution Issue 2016/08 April 2016

Veugelers, Reinhilde. (2016) The European Union’s growing innovation divide. Bruegel Policy Contribution Issue 2016/08 April 2016. [Policy Paper]

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    Abstract

    There is a significant divide between the European Union countries with the greatest capacity to innovate, and those with the least capacity to innovate. The difficult convergence process has been proceeding only very slowly and unevenly, and more recently seems to have come to a halt. A particular weak spot for the EU is corporate investment in research; in this area, the intra-EU divide is growing. As the business sector is responsible for the persistent R&D intensity gap between the EU and the United States and Asia, the persistent failure of lagging EU countries to catch up in this area provides much of the explanation for the EU’s weak performance compared to other economies. The evidence shows that the deployment of public budgets and the mix of policies employed by EU member states have tended to aggravate the intra-EU divide. The EU needs to better understand its growing internal innovation divide if it is to achieve its ambition of becoming a world innovation leader.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > rtd (RTD) policy/European Research Area
    EU policies and themes > Policies & related activities > innovation policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 13 Apr 2016 13:36
    Number of Pages: 12
    Last Modified: 13 Apr 2016 13:36
    URI: http://aei.pitt.edu/id/eprint/74269

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