This paper evaluates the European Paradox according to which Europe plays a leading world role in terms of scientific excellence, measured in terms of the number of publications, but lacks the entrepreneurial capacity of the U.S. to transform this excellent performance into innovation, growth,...

This paper investigates the citation impact of three large geographical areas –the U.S., the European Union (EU), and the rest of the world (RW)– at different aggregation levels. The difficulty is that 42% of the 3.6 million articles in our Thomson Scientific dataset are assigned to several...