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...

The so-called "European Paradox" holdsthat European Union countries play a leading global role in terms of high-levelscientific output, but lag behind in their ability to convert this strengthinto wealth-generating innovations. This study argues that the paradox isincorrect and hence, that the...