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New ICT sectors: Platforms for European growth?

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  • Reinhilde Veugelers

Abstract

Europe's failure to specialise in new ICT sectors and firms is likely to hold back Europe’s post-crisis recovery. Europe lacks in particular leading platform providers, who are capturing most of the value in the new ICT ecosystem.• In-depth analysis of some specific new emerging ICT sectors shows that the problem in Europe appears not to be so much in the generation of new ideas, but rather in bringing ideas successfully to market. Among the barriers are the lack of a single digital market, fragmented intellectual property regimes, lack of an entrepreneurial culture, limited access to risk capital and an absence of ICT clusters.• The EU policy framework, particularly the Innovation Union and Digital Agenda EU 2020 Flagships, could better leverage the growth power for Europe of new ICT markets.The emphasis should move beyond providing support for infrastructure and research, to funding programmes for pre-commercial projects. But perhaps most important is dealing with the fragmentation in European digital markets.

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  • Reinhilde Veugelers, 2012. "New ICT sectors: Platforms for European growth?," Policy Contributions 745, Bruegel.
  • Handle: RePEc:bre:polcon:745
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    References listed on IDEAS

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    1. Silvia Merler & Jean Pisani-Ferry, 2012. "Sudden Stops in the Euro Area," Review of Economics and Institutions, Università di Perugia, vol. 3(3).
    2. Chiara Angeloni & Guntram B. Wolff, 2012. "Are banks affected by their holdings of government debt?," Working Papers 717, Bruegel.
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    Cited by:

    1. Serrano Calle, Silvia, 2015. "Increasing the Value of Telecom Operators with a Single EU Market," 26th European Regional ITS Conference, Madrid 2015 127180, International Telecommunications Society (ITS).
    2. Binsfeld, Nico & Pugalis, Lee & Whalley, Jason, 2015. "ICT ecosystems in small countries: an analysis of Luxembourg," 26th European Regional ITS Conference, Madrid 2015 127127, International Telecommunications Society (ITS).
    3. García-Muñiz, Ana Salomé & Vicente, María Rosalía, 2014. "ICT technologies in Europe: A study of technological diffusion and economic growth under network theory," Telecommunications Policy, Elsevier, vol. 38(4), pages 360-370.

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