The EU's stagnation on many innovation indicators led to a number of efforts to spur a turnaround. One of most visible projects has been the Horizon 2020 strategy, which devotes unprecedented levels of funding to the promotion of R&D and innovation. But does this strategy address the right...

Innovation in the European Union remains weak and there are relatively few signs of progress. In this policy contribution, Reinhilde Veugelers and Michele Cincera give evidence to show that compared to the US, the EU has fewer young firms among its leading innovators and the primary driver of...

This paper summarises the contents of the special issue of the Brussels Economic Review on the economics of knowledge spillovers. The studies of this special issue lead to the following main findings. Knowledge spillovers arise through different channels and they are largely shaped by the...