This study describes the state of the art in the measurement of intangible capital and its contribution to economic growth, with a focus on an international comparison of intangible investment intensity and intangible capital deepening among eleven advanced economies. By employing a broad...

This study presents new estimates of business R&D capital stocks for 22 countries at the aggregate and industry levels. At 9 percent of GDP, the EU business R&D capital stock falls short of its US and Japanese counterparts. Within the EU, R&D capital stocks are much lower in the southern and the...

This paper re-visits the empirical failure to establish a clear link between R&D efforts and patent counts at the industry level. It is claimed that the "propensity-to-patent" concept should be split into an "appropriability propensity" and a "strategic propensity". The empirical contribution is...

Venture capital is considered to be the most appropriate form of financing for innovative firms in high-tech sectors. We provide an assessment of venture capital looking at the involvement of venture capital with some of Europe's most innovative and successful companies: those listed on Europe's...

This paper observes that de-industrialisation has been mostly relative in Europe, with industrial value added and employment shrinking in relative terms, but industrial value added growing in absolute terms - at least until recently. Qualitatively, this relative de-industrialisation has been the...

We try to identify which economic factors might be responsible for the large international differences in student performance. We present time series evidence for a number of European countries which suggests that rising educational expenditures obviously did not improve student performance....

Even though the industrial revolution started in Europe, many commentators suggest that European entrepreneurship has become an oxymoron. The facts of the case are, however, growing against them. For instance, Europeans nowadays run a fair share of Silicon Valley companies. Examples include...