In this paper we carefully link knowledge flows to and from a firm's innovation process with this firm's investment … results indicate that firms with small budgets for innovation will not invest in basic research. This occurs in the short run …

Innovation in the European Union remains weak according to a number of key "input" indicators, especially R …'s innovation gap relative to the US results from an inappropriate industrial structure in which new firms do not play a significant … role, especially in new high-tech sectors. This view of a structural EU innovation deficit has many supporters. But it has …