New perspectives in European innovation policy


Krieger, Bastian ; Licht, Georg ; Pellens, Maikel


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URL: https://madoc.bib.uni-mannheim.de/46516
URN: urn:nbn:de:bsz:180-madoc-465162
Document Type: Working paper
Year of publication: 2018
The title of a journal, publication series: ZEW policy brief
Volume: 2018-07
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW policy brief
Subject: 330 Economics
Abstract: Innovation is essential for economic growth, and governments must encourage firms to increase their investments in innovation. Europe is losing ground to its main Asian competitors when it comes to R&D investment, and is barely keeping pace with the U.S. Moreover, the rate of return on innovation has become significantly weaker in Europe. This has been caused by its relative lack of innovative SMEs, the slow diffusion of innovation, and the increasingly competitive innovation marketplace. In this light, scholars and policy makers are arguing for a new approach to European innovation policy that puts more weight on the development of disruptive innovation and on the diffusion of new technologies throughout the market.




Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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