This paper examines whether there are differences in private R&D investment performance between the EU and the US and, if so, why. The study is based on data from the 2008 EU Industrial R&D Investment Scoreboard. The investigation assesses the effects of several very distinct factors that can...

Innovation is new combination of productive means that are internal or external to a firm. Arrangements to cooperate on innovation facilitate access to these external sources of knowledge. Using large micro datasets from the Third and Fourth Community Innovation Surveys in sixteen European...

This paper analyzes factors shaping technological capabilities in United States and European countries, and shows that the differences between the two continents in this respect are much smaller than commonly assumed. The analysis demonstrates a tendency towards convergence in technological...