The EU's relative shortcomings on business research and development
compared to the US can be explained by it having fewer and less R&D
intensive young innovators, write Reinhilde Veugelers and Michele
Cincera in an August policy brief for Brussels-based think-tank Bruegel.
The following extracts were taken from a commentary authored by Reinhilde Veugelers and Michele Cincera for Brussels-based think-tank Bruegel.
"A common explanation for the EU's tame business R&D performance is its specialisation in medium-tech rather than high-tech sectors. Compared to the United States, the EU has fallen behind particularly in key information and communications technology (ICT) sectors, which were the drivers of US growth in the late 1990s.
To read the full, original article click on this link: Europe's missing yollies | EurActiv
Author: EurActiv
