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Are European firms falling behind in the global corporate research race?

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  • Reinhilde Veugelers

Abstract

Technological progress, such as robotics and artificial intelligence, is often blamed for the loss of jobs and rising income inequality. It is also linked to increasing inequality in the corporate landscape as superstar firms forge ahead in winner-takes-most markets. Our analysis shows that in most sectors there is a high degree of concentration among a few top companies in research and development spending. R&D spending is much more concentrated than...

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  • Reinhilde Veugelers, 2018. "Are European firms falling behind in the global corporate research race?," Policy Contributions 25100, Bruegel.
    • Handle: RePEc:bre:polcon:25100
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    File URL: https://www.bruegel.org/wp-content/uploads/2018/04/PC-06_2018-110418.pdf
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    Cited by:

    1. Andrés Rodríguez-Pose & Roberto Ganau, 2022. "Institutions and the productivity challenge for European regions," Journal of Economic Geography, Oxford University Press, vol. 22(1), pages 1-25.
    2. Michael Baltensperger & Uri Dadush, 2019. "The Belt and Road turns five," Russian Journal of Economics, ARPHA Platform, vol. 5(2), pages 136-153, July.
    3. Reinhilde Veugelers, 2019. "Trends at the Frontier in Corporate R&D in the Digital Era: Facts, Prospects and Policies," European Economy - Discussion Papers 120, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    4. Pietro Moncada-Paternò-Castello, 2022. "Top R&D investors, structural change and the R&D growth performance of young and old firms," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(1), pages 1-33, March.
    5. Désirée Rückert & Reinhilde Veugelers & Christoph Weiss, 2020. "The growing digital divide in Europe and the United States," Working Papers of Department of Management, Strategy and Innovation, Leuven 654659, KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven.
    6. Jacques Bughin & Francis Hinterman & Sybille Berjoan, 2022. "A Good Crisis (not) Wasted: How Exploiting and Expanding Dynamic Capabilities Shape Corporate Performance During the Covid Pandemic," Working Papers TIMES² WP2022-051, ULB -- Universite Libre de Bruxelles.
    7. Hugo Confraria & Vitor Hugo Ferreira & Manuel Mira Godinho, 2021. "Emerging 21st Century technologies: Is Europe still falling behind?," Working Papers REM 2021/0188, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    8. Zehner William Bradley & Zehner Jacquelyn Anne, 2018. "The 5I Formula for Successful Staffing of Scientific and Research Organizations," Marketing of Scientific and Research Organizations, Sciendo, vol. 30(4), pages 19-34, December.

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