Podcast

Unlocking the potential of innovation

Innovation is a hot topic in Europe. But how can its potential be used to the fullest, and what are the challenges in doing that?

By: Date: November 8, 2016 Topic: Digital economy and innovation

This episode of The Sound of Economics focuses on innovation. There is widespread agreement that innovation is vital for European economy, but how can we get from smart ideas to economic growth?

We asked Reinhilde Veugelers, Senior Fellow at Bruegel, why innovation matters for our economies, and why it is important for the components of the innovation system to be interconnected.

Dominique Guellec, Head of Science and Technological Policy in the Directorate of Science at the OECD, to shared with us his opinion on the main weaknesses in European innovation.

We also spoke with Scott Stern, Professor of Management of Technology at the MIT Sloan School of Management. He outlined why he believes Europe needs to think local if it wants to get the full economic benefit of innovation.

We asked Karen Wilson, another Senior Fellow at Bruegel, why Europe seems to fare badly on this compared to other regions such as the US. She stressed the importance of completing the Single Market to support high-growth firms.

Access to capital is a vital factor for expansion of innovative firms. Karen shared her opinion on what the EU can do on this topic, while Reinhilde discussed why funding for innovative growth should come from capital markets.

Speakers

Reinhilde Veugelers, Senior Fellow, Bruegel

Dominique Guellec, Head of Science and Technological Policy, Directorate for Science, Technology and Industry, OECD

Scott Stern, Professor of Management of Technology, MIT Sloan School of Management

Karen Wilson, Senior Fellow, Bruegel

CREDITS

Presented by Bryn Watkins

Produced by Vanessa Cotterell, Giuseppe Porcaro, Bryn Watkins

 

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Blog Post

Inclusive growth

Concentration of artificial intelligence and other frontier IT skills

Online job postings indicate that demand from top tech firms for frontier IT skills is about double their demand for other IT skills. This could indicate increasing concentration of skills in a few firms, with other firms left behind.

By: Wang Jin, Georgios Petropoulos and Sebastian Steffen Topic: Digital economy and innovation, Inclusive growth Date: October 21, 2021
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Podcast

Podcast

Rethinking fiscal policy

A look at the past, present and future of fiscal policy in the European Union with Chief economist of the European Stability Mechanism, Rolf Strauch.

By: The Sound of Economics Topic: European governance, Macroeconomic policy Date: October 20, 2021
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Upcoming Event

Nov
2
14:00

Microchips and Europe's strategic autonomy

Per microchips ad strategic autonomy.

Speakers: Piotr Arak, Alicia García-Herrero, Jay Lewis and Niclas Poitiers Topic: Digital economy and innovation, European governance
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Podcast

Podcast

Will ‘common prosperity’ address China’s inequality?

Why is China reviving this old mantra?

By: The Sound of Economics Topic: Global economy and trade Date: October 13, 2021
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Podcast

Podcast

Is tech redefining the workplace for women?

Laura Nurski, Sabine Theresia Köszegi and Giuseppe Porcaro explore the relationship between artificial intelligence and job transformation and ask whether the impact differs by gender.

By: The Sound of Economics Topic: Digital economy and innovation, Inclusive growth Date: October 6, 2021
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Policy Contribution

Inclusive growth

Do robots dream of paying taxes?

The digital transition should be managed – and taxed – alongside other societal transitions, but any tax on companies that replace employees with automated systems should be targeted and carefully designed to not stifle innovation.

By: Rebecca Christie Topic: Digital economy and innovation, Inclusive growth Date: October 5, 2021
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Podcast

Podcast

A green fiscal pact

How can the European Union increase green public investment while consolidating budget deficits?

By: The Sound of Economics Topic: European governance, Macroeconomic policy Date: September 29, 2021
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Opinion

Can climate change be tackled without ditching economic growth?

The ultimate answer to the question on whether climate change can be tackled without ditching economic growth depends on our willingness to step up climate action massively.

By: Klaas Lenaerts, Simone Tagliapietra and Guntram B. Wolff Topic: Green economy Date: September 27, 2021
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Podcast

Podcast

Exploding energy prices

Why the sudden spike in European electricity and gas prices?

By: The Sound of Economics Topic: Green economy Date: September 23, 2021
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Opinion

Europe doesn’t need a ‘Mega-Fab’

Europe should defend its existing dominance in equipment manufacturing for semiconductors and invest in chip design instead of luring high-end fabrication to its shores.

By: Niclas Poitiers Topic: Global economy and trade Date: September 22, 2021
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External Publication

Platform mergers and antitrust

Should internet era merger policy differ from industrial era merger policy? This paper was published in Industrial and Corporate Change by Oxford University Press.

By: Geoffrey Parker, Georgios Petropoulos and Marshall Van Alstyne Topic: Digital economy and innovation Date: September 16, 2021
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Working Paper

Can climate change be tackled without ditching economic growth?

The notion of degrowth to reduce greenhouse gas emissions appears unrealistic; decoupling of emissions from growth is in principle possible but requires unprecedented efforts.

By: Klaas Lenaerts, Simone Tagliapietra and Guntram B. Wolff Topic: Green economy Date: September 16, 2021
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