11 European countries now operate IP Box regimes that provide substantially reduced rates of corporate tax for income derived from important forms of intellectual property. We incorporate these policies into forward-looking measures of the cost of capital, effective marginal tax rates and...

11 European countries now operate IP Box regimes that provide substantially reduced rates of corporate tax for income derived from important forms of intellectual property. We incorporate these policies into forward-looking measures of the cost of capital, effective marginal tax rates and...

Innovation is a policy area in which the European Union (EU) has the competence to support, coordinate and supplement Member States policies according to the new Lisbon Treaty (2007). The Member States (MS) have the primacy in this area and the principles of subsidiarity and proportionality...

Central to the goals of competitiveness and sustainable development is the issue of energy. Is there enough? Where will it come from? What will it costs? Is its production and use environmentally sustainable? Many of these questions are now discussed under the general topic commonly referred to...

This paper addresses a set of conflicting national objectives, that between economic competitiveness and environmental quality. In lower-income economies, the perceived benefits of improved environmental quality may be valued less than in richer economies while the perceived opportunity costs of...

The issue as to what degree there is a trade-off between economic growth and environmental quality was one of the topics discussed at the recent “Environment for Europe” Ministerial Conference held in Belgrade in mid-October 2007. This paper provides an overall assessment of that conference...

Innovation seldom has purely domestic causes and consequences, but how can a European innovation policy complement or substitute national policies? Taking the subsidiarity principle as a starting point, this report discusses the economic rationale of a European innovation policy. Explorative...