role, especially in new high-tech sectors. This view of a structural EU innovation deficit has many supporters. But it has … to the US, the EU has fewer young firms among its leading innovators. But this accounts for only about one-third of the … EU-US differential. The largest part of the differential is due to the fact that young leading innovators in the EU are …

instruments, like subsidies, when used in isolation. For the EU, this is perhaps the biggest challenge for its green technology …