Comparing Innovation Performance in the EU and the USA: Lessons from Three ICT Sub-Sectors
AbstractThe objective of the study is to document the existence of innovation gaps between the EU and its main competitors in specific ICT sub-sectors – namely web services, industrial robotics and display technologies –and to explore the role of government policies in Europe’s future needs for innovation in information and communication technologies (ICT) through a comparison with the USA and Asian countries. Our analysis shows that rather than there being a simple innovation gap with the EU lagging behind the USA, a more nuanced picture emerges in which firms in different countries have strengths in different sub-sectors and in different parts of the value chain. A key lesson from the analysis of the three subsectors is the critical importance of higher education, particularly elite university research, and of local networks as generated by clusters. Governments can also encourage innovation through appropriate intellectual property and competition laws and, more generally, through the development of a business environment conducive to innovation. Finally, Governments can have a very important role through the funding of early-stage innovation
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Bibliographic InfoPaper provided by Institute for Prospective and Technological Studies, Joint Research Centre in its series JRC-IPTS Working Papers with number JRC81448.
Length: 109 pages
Date of creation: Mar 2013
Date of revision:
ICT; Innovation policy; Industrial policy;
Find related papers by JEL classification:
- L5 - Industrial Organization - - Regulation and Industrial Policy
- L6 - Industrial Organization - - Industry Studies: Manufacturing
- L8 - Industrial Organization - - Industry Studies: Services
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-06-04 (All new papers)
- NEP-CSE-2013-06-04 (Economics of Strategic Management)
- NEP-EUR-2013-06-04 (Microeconomic European Issues)
- NEP-ICT-2013-06-04 (Information & Communication Technologies)
- NEP-INO-2013-06-04 (Innovation)
- NEP-KNM-2013-06-04 (Knowledge Management & Knowledge Economy)
- NEP-PPM-2013-06-04 (Project, Program & Portfolio Management)
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