This paper discusses, first, the properties of scientific and technological knowledge and the institutions supporting its generation and its economic applications. The evidence continues to support the broad interpretation which we call the ʺStanford-Yale-Sussexʺ synthesis. Second, such...

This paper studies how the interplay between technological shocks and financial variables shapes the properties of macroeconomic dynamics. Most of the existing literature has based the analysis of aggregate macroeconomic regularities on the representative agent hypothesis (RAH). However, recent...

This paper estimates the determinants of labour productivity in European NUTS regions during 1989-1996. Unlike previous studies, which have focussed either on local technological capabilities or on agglomeration economies, we compare three potential explanations of regional advantages:...

Based on some recent surveys, the paper is intended to offer an overview of the diffusion of organisational change in European firms and their effects in terms of performance and impact on employment. Taking into account the differences in national industrial relation systems in which the...

By using the PatVal-EU dataset we find that the most important determinant of patent licensing is firm size. Patent breadth, value, protection, and other factors suggested by the literature also have an impact, but not as important. In addition, most of these factors affect the willingness to...

From a survey of the inventors of 9,017 European patents, this paper provides new information about the characteristics of European inventors, the sources of their knowledge, the importance of formal and informal collaborations, the motivations to invent, and the actual use and economic value of...

This paper focuses on European small- medium "serial innovators" at the beginning of the 1990s and provides an empirical basis to answer the following questions: who are the upstream specialized small- medium technology producers? How are they distributed across countries? Are there technologies...