Competitiveness, innovation and enterprise performance

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1 Competitiveness, innovation and enterprise performance A selection of graphs and tables from the Competitiveness Report, the Innovation Scoreboard and the Enterprise Scoreboard 21 edition

2 Competitiveness, innovation and enterprise performance A selection of graphs and tables from the Competitiveness Report, the Innovation Scoreboard and the Enterprise Scoreboard. 21 edition The contents of this publication do not necessarily reflect the official opinion of the European Commission. Table of Contents Foreword by Commissioner E. Liikanen PART A: 21 Competitiveness Report... 7 PART B: 21 Innovation Scoreboard Information on the 21 Competitiveness Report and the Enterprise Scoreboard is available at or contact European Commission, Enterprise Directorate-General, Information and Communication Unit, Documentation Centre Rue de la Loi / Wetstraat 2 (SC15-/51), B-149 Brussels, Belgium PART C: 21 Enterprise Scoreboard List of tables and graphs... 1 Fax (32-2) ENTR-COMPETIT-BENCHMARKG@cec.eu.int Information on the Innovation Scoreboard is available at or contact European Commission, Enterprise Directorate-General, Innovation Directorate, Communication and Awareness Unit, EUFO 2295, Rue Alcide de Gasperi, L-292 Luxembourg Fax (352) innovation@cec.eu.int European Communities, 21 Reproduction is authorised, provided the source is acknowledged. Thanks are due to Mr. R. Barron for the cover image of Europe, by Heinrich Bünting (1581). The material in this publication is taken from the following Commission Staff Working Papers. Full details on data sources and related information can be found there. > The European Competitiveness Report 21, SEC (21) 175, 29 October; > The 21 Innovation Scoreboard, SEC (21) 1414, 14 September; and > Benchmarking Enterprise Policy, Results from the 21 Scoreboard, SEC (21) 19, 21 November. 2 3

3 Foreword by Erkki Liikanen, Commissioner for Enterprise and the Information Society The present publication brings together a selection of indicators from three recent Commission documents prepared in the Enterprise DG: the European Competitiveness Report, the Innovation Scoreboard and the Enterprise Policy Scoreboard (Benchmarking Enterprise Policy). The data give an overview of some key determinants that constitute the foundations of Europe s productivity and entrepreneurial performance in the advent of the new century. The 21 European Competitiveness Report is the fifth issue since the 1994 Industry Council Resolution that led to its inception. The Innovation Scoreboard and the Enterprise Scoreboard originate directly in the Lisbon mandate to develop an open method of coordination and to build on best practices as a means to converging towards the principal EU objectives set out in the Lisbon European Council of March 2. The focus of the 21 European Competitiveness Report is on the role of information and communications technologies (ICT), and innovation in productivity and economic growth. During the second half of the 199s, the EU has not performed particularly well when compared to our international partners, especially the US. The Lisbon European Council recognized the long-term implications of this under-performance should it not be urgently reversed. The Competitiveness Report suggests that the introduction and diffusion of new technologies can play an important role in the growth of the standards of living in the EU. The Report also reviews the performance of European biotechnology as a special case of innovation. The Commission has already recognized the great importance of biotechnology. A Communication setting out the Community framework of action in this vital sector is under preparation. 4 5

4 Europe s competitiveness is closely linked with and reflects its position in innovation and entrepreneurship. It is essential that the dynamism of both fields be strengthened. While we do just as well in some innovation indicators as the US, and some Member States do even better, there remains considerable ground to bridge to achieve the overall dynamism characterising our main trading partner. Even more important, there is a diversity of performance across the Member States and the dispersion around the EU average is considerable. The message of the indicators is clear: It is essential that efforts be directed towards understanding the factors that contribute to best performance and that Member States take advantage of the opportunities offered within the European dialogue to learn from best practices. Improving the climate of entrepreneurship through administrative and other structural reforms and directing policies towards the best practices in the EU, as well as encouraging innovation and realizing its economic value, must become priorities in the policy agenda. The data and indicators presented here involve commitment and work on the part of both the Commission and of the Member States. Let me take this opportunity to express my appreciation to all that have participated in these projects. Erkki Liikanen PART A: 21 Competitiveness Report Economic growth and the standards of living in the EU Though for the EU the second half of the 199s proved to be a better period in terms of employment and GDP growth than the first half, the gap in GDP per capita relative to the US widened throughout the decade. Moreover, in terms of labour productivity the EU catch-up with the US came to a halt in the middle of the decade and the gap has since then widened. Naturally, the overall EU performance hides a mix of good and disappointing performances among Member States. In the second half of the 199s, Ireland, Luxembourg and Finland recorded the highest rates of GDP growth while scoring very high both in terms of employment growth and labour productivity growth. At the other end of the spectrum, Germany recorded the lowest GDP growth rate resulting from below average growth of employment and of labour productivity. Empirical evidence indicates that roughly two-thirds of the gap in EU GDP per capita relative to the US can be attributed to a lower labour utilisation while a lower average labour productivity accounts for the remaining third. 1 During the second half of the 199s, employment performance varied across the Member States with Ireland, Spain, Luxembourg, the Netherlands and Finland recording employment growth significantly higher than the EU average and the US while in all the remaining Member States employment growth fell short of the US performance. Productivity growth in Ireland, Luxembourg, Portugal, Finland and Greece was higher than in the US and considerably above the EU average. 1 Estimates for 1998, see European Commission (2): Economic Growth in the EU: Is a New Pattern Emerging? Chapter 3 in the EU Economy 2 Review, European Economy, n

5 Growth in labour productivity can in turn be attributed to capital deepening (changes in the capital/labour ratio) and technical progress, as measured by total factor productivity. In the second half of the 199s, both components of labour productivity growth improved more in the US than in the EU. Furthermore, while historically the contribution of capital deepening to labour productivity growth has been substantially greater in the EU than in the US, in the second half of the 199s this relationship was reversed. A sustained improvement in standards of living, the ultimate goal of economic policy, requires substantive progress in production efficiency brought about by improvements in the stock of capital, in the form of new investment, and by technological progress. In other words, the economy must realise high growth in productivity. For this reason, understanding the forces supporting technological progress and productivity growth is crucial for guiding policy towards achieving the ultimate objective of economic policy. Table 1: GDP per capita in EU Member States, US and Japan in 21 (US=1) Luxembourg 127 Ireland 8 Denmark 78 Netherlands 77 Belgium 73 Austria 71 Finland 68 Germany 68 United Kingdom 67 Italy 66 Sweden 66 France 64 Spain 53 Portugal 48 Greece 45 EU United States 1 Japan 71 Graph 1: GDP per capita: widening gap vis-à-vis the US 85 Graph 2: Although increasing, EU employment rate far below US level 85 GDP per capita at current market prices and PPS: USA= EU 15 Japan EU 15 US Japan total employment % of population 15 to 64 years

6 GDP at current market prices and PPS / total employment: USA=1 Graph 3: Labour productivity in the EU falls further compared to Japan Table 2: Employment and labour productivity growth, Labour productivity growth EU 15 Japan Employment growth Close < average > average to average < average Italy Spain Close to average > average Germany Japan Greece Portugal Austria Belgium UK Denmark France US Sweden Netherlands Ireland Finland Luxembourg Note: On both axes, countries are compared to the average annual growth rate in EU-15 in Total employment growth in the Member States ranged from.4 per cent to 5.1 per cent p.a. The category close to average includes countries with a growth rate of ±.4 p.p. around the EU average of 1.2 per cent. Labour productivity growth ranged from.9 per cent to 3.9 per cent p.a. among the Member States. The category close to average includes countries with a growth rate of ±.3 p.p. around the EU average of 1.3 per cent. ICT and their contribution to productivity and economic growth An important common characteristic across the US economy and the EU nations whose economic performance compares favourably with that of the US is the pervasive use of information and communication technologies (ICT). The resurgence of productivity growth in the US in recent years has been attributed to the adoption and diffusion of new technologies and to the accelerating pace of product and process innovations. In particular, the diffusion of ICT has been fundamental. These technologies now permeate a wide and ever-increasing set of activities in economic life. ICT can be seen both as innovation per se and due to their general purpose character as vehicles in the diffusion and the achievement of further innovation in other sectors and fields. As an example, many of the recent advances in the field of biotechnology and telecommunications would not have been possible were it not for the remarkable developments in computational speed and capacity. The importance of ICT in the recent economic growth and productivity performance in the US and in some EU Member States has two aspects. First, the ICT-producing sectors, where spectacular technological advances have taken place, have directly contributed to increases in productivity and economic growth. Clearly, if this was the only route through which ICT benefits economic performance, then only those countries with important ICT-producing sectors could be expected to reap the associated benefits. However, the evidence suggests that the impact of ICT is not limited to the producing sectors alone but, as ICT is diffused throughout the economy, its impact becomes particularly evident in ICT-using sectors. The latter are, of course, present in virtually all facets of economic life. It is the general-purpose character of these technologies that makes it possible for other sectors using them to experience and benefit from significant improvements in productivity. As a result, the magnitude of ICT expenditure and investment in a nation may be more important for growth performance than the size of the corresponding ICT-producing sector. This is undoubtedly an important 1 11

7 message since it implies that a low level of technology production in a nation may not necessarily inhibit productivity growth as long as the diffusion of new technologies is widespread and their take-up is efficient. In other words, nations that have virtually no production of ICT goods could still benefit substantially by adopting ICT innovations. The growing consensus that the strong growth and productivity performance in the US is related to increased investment and diffusion of ICT goods and services has raised concerns that the weaker economic performance of EU Member States is caused by sluggishness in the adoption of these new technologies. Recent empirical studies have estimated the contribution of ICT to aggregate economic growth. In the US, ICT investment accounts for.8 to 1 percentage point of output growth in the second half of the 199s. Estimates for European countries generally indicate a lower contribution of ICT to output growth. On average, about.4 to.5 percentage points of output growth in Europe can be attributed to ICT. Compared to the US, Europe would appear to forego.3 to.5 percentage points of economic growth due to lower levels of investment in ICT. The ICT spending gap between the EU and the US persisted throughout the 199s, even though in both regions ICT expenditure increased. With regard to ICT investment in the business sector, the gap vis-à-vis the US is even larger. In 1999, US business investment in ICT as a percentage of GDP was almost twice the European level of 2.4 per cent. Nevertheless, it should be noted that ICT spending in the EU Member States varies considerably. The UK and Sweden have already surpassed the US, and the Netherlands, Denmark and Ireland have drawn close to it, but some of the larger countries have performed less well. The experience of the US but also of the smaller European nations that have successfully adopted ICT across economic activities suggests that a variety of complementary policies are necessary in order to reap the benefits of these technologies. The role of government policies has been important: these countries appreciated early the importance of ICT and acted decisively to remove obstacles that could inhibit their introduction and use. An overriding priority in these countries appears to have been a commitment to a comprehensive strategy to facilitate the adoption of new 12 technologies. They tackled issues such as upgrading labour force skills, encouraging the mobility of scientific and technical personnel across sectors and the modernisation of the regulatory framework, strengthening the interdependencies characterising the technology and innovation systems and made an explicit commitment to do things better. The early liberalisation of the telecommunications sector undoubtedly contributed to this process. Such measures made it easier for firms to adjust and adopt new organisational models and to modify their strategies to take advantage of the new technologies. Finally, it is possible that the completion of the single market, with the intensification of competition, contributed to the understanding that smaller EU Member States had more to gain from economies of scale in a wider European market, and this could well have strengthened the commitment to develop strategies aimed at taking full advantage of ICT technologies in the Internal Market for example though electronic commerce. It is possible that country size matters substantially more than many economists and policy makers would a priori assume, a possibility that has implications for the design of policies at regional level. Growth in biotechnology, as shown in the Competitiveness Report, also provides examples consistent with this possibility. One of the critical findings of the OECD Growth Project is that improvements in the quality of labour are essential ingredients of medium-term economic growth. Yet, in recent years skill shortages in important technology areas have been reported in several European countries. At the root of this development has been the diffusion of ICT technologies coinciding with the liberalisation of telecommunication sectors and the expansion of the Internet and of new media. It appears that, unlike in previous years, when the long-term trend increase in the demand for skills was met by the supply of technology professionals from the educational system, the surge in demand for ICT-related skills in the 199s found no corresponding supply forthcoming. While the recent crisis in the valuation of Internet stocks may be taken to imply that the demand for ICT skills is falling off, this may be misleading. The medium-term demand for ICT skills will continue to be high as the European Union moves towards its goal, set at the Lisbon summit in March 2, of becoming the world s most dynamic and competitive knowledge-based economy by 21. It is essential, therefore, to ensure that skill shortages do not become obstacles to European growth. 13

8 Graph 4: EU ICT expenditure as percent of US expenditure Table 3: ICT contribution to growth in the EU (percentage points) 95 9 Daveri (21) Daveri (21) European Commission (2) Daveri (21) European Commission (2) Graph 5: Growth rate of ICT expenditure and level of ICT share in GDP 16 Annual growth rate of ICT ( ) GR 14 P 12 1 IRL 8 FIN J US 6 EU NL UK B DK 4 A F I D 2 E S Level of ICT/GDP (1999) Belgium,48,48,35,49,6 Denmark,52,42,22,65,38 Germany(*),49,54,25,45,41 Greece,34,25,12,46,21 Spain,36,38,19,34,39 France,41,4,24,44,42 Ireland,64,38,84,96 1,91 Italy,31,28,25,35,42 Netherlands,68,65,41,72,67 Austria,45,47,24,43,41 Portugal,43,39,25,49,55 Finland,45,21,31,74,63 Sweden,59,38,3,85,68 United Kingdom,76,43,35 1,17,64 EU,48,43,27,57,49 US,94,53-1,45 - (*) Germany = Innovation and productivity in the manufacturing sector Modern theories of economic growth point to innovation as a critical determinant of productivity growth. Innovation is a complex process intertwined with factors such as the strength of the knowledge base, institutional arrangements, qualifications of the labour force, openness of the economy and an overall ability to take on board improvements achieved in other countries or sectors. Other than through own innovation, an economy may also improve its performance as a result of innovation diffusion or through technology embodied in inputs and new capital goods, which in turn may magnify the benefits of own research efforts. Indicators from the manufacturing sector that proxy 14 15

9 different characteristics presumed to facilitate innovation and growth are indeed shown to be related to productivity and economic performance. Advances in ICT technologies belong to such innovationfostering characteristics, and have played a crucial role in enhancing productivity. A first step in understanding and identifying possible determinants of innovation performance is to study the relationship between one crucial input to innovation, research and development (R&D) expenditure, and performance indicators such as production and productivity growth. The Competitiveness Report finds evidence of such a relationship on data for the manufacturing sector. During the 199s, growth in production and in labour productivity in manufacturing in the EU was far below the rates recorded in the US, marking a reversal of the situation compared to the second half of the 198s. Nevertheless, four countries Ireland, Finland, Austria and Sweden recorded both production and productivity growth rates in manufacturing above those in the US. During the 199s, technologydriven industries experienced the highest productivity growth in the EU, followed by capital-intensive industries (in the latter group, the high growth took place mainly in the first half of the decade). In the US, technology-driven industries were likewise leading in terms of productivity growth throughout the 199s. The good production and productivity performance of capital-intensive industries in the EU during the first half of the 199s was most probably the result of the restructuring that took place in these industries. Evidence from the 199s suggests that research intensity and productivity growth are significantly related across sectors, both in the US and within the EU, though not in each Member State. This relationship suggests that research efforts play a role in fostering innovation and economic performance. At the same time, the absence of such a relationship at country level may be a sign that international spillovers are at work. Moreover, firm-level data for the EU and the US from the 199s confirm these findings. This evidence is consistent with the importance that policy-makers attach to R&D. If productivity performance depends significantly on technological advances resulting from innovation, and given that innovations are diffused internationally at a rather fast pace, the patterns of productivity growth should have become more similar across regions. Indeed, data indicate an increasing convergence between the US and the EU in terms of patterns of productivity growth. While in the 198s US productivity growth across industries was significantly different from the EU, in the 199s these patterns became more similar. Productivity growth in technology-driven industries (for example, chemicals, pharmaceuticals, medical equipment, radio, TV and telephony equipment, motor vehicles, aircraft manufacturing, spacecraft, optical equipment), in both the US and the EU was faster in the second half of the 199s than in the first. The impact of technologyintensive industries on overall productivity growth is greater in the US than in the EU, reflecting in part the larger share of these industries in the US economy. When research intensity (R&D expenditure over production) and productivity growth are brought together across sectors in the US and the EU, the evidence is that high research intensity is never associated with low productivity growth, and low research intensity is usually associated with low productivity growth. Nevertheless, in the US certain sectors of low research intensity (tobacco products, apparel) have recorded high productivity growth whereas this has not been the case for the EU. The manufacturing sector has benefited substantially from productivity advances associated with innovation during the 199s. However, other factors have also contributed to production and productivity growth, such as the capabilities of firms, the stock of knowledge and ICT. Accumulation of these assets, many of which are intangible, often reflects strategic decisions on the part of businesses and constitutes the basis on which assets are built up in the future. The Competitiveness Report, in finding that these variables are important, provides some support for recent theories of economic growth that emphasise the role of institutions and strategic behaviour on the part of firms in economic growth

10 The slump in the ICT sector in recent months has caused severe disruption to investment plans and to the diffusion of IC technologies in domestic economies as well as the international economy. Although these short-term developments are clearly disquieting, they should be considered in a medium-term perspective. The underlying factors that have contributed to the ICT expansion remain in place and hold the firm promise for further growth. In particular, prospects are good for continuous price declines of ICT goods, associated with the development of new, more advanced and more powerful semiconductors. These suggest that the process of ICT diffusion and ICT capital deepening will also continue for some considerable time. Furthermore, as a new generation of IC technologies comes into economic use, further reorganisation of the mode of production and exchange of goods and services will be necessary. And, finally, the structural reforms under way in Europe will undoubtedly play a supportive role in the adoption and diffusion of IC technologies. It is, therefore, virtually certain that substantial gains from information technologies and the associated innovations will be possible in the future. Graph 6: Productivity growth in manufacturing (ranked according to growth in the 199s) Ireland Finland Austria Sweden Belgium Greece Germany United Kingdom Netherlands Denmark Italy 1991/2 1991/ /2 France Spain Portugal EU-15 United States % 18 19

11 Graph 7: Research intensity across sectors in the EU and the US: Low R&D sectors Graph 8: Research intensity across sectors in the EU and the US: High R&D sectors Publishing, printing and reproduction EU US Basic metals EU US Wearing apparel; dressing and dyeing of fur Rubber and plastic products Wood, products of wood and cork Coke, refined petroleum and nuclear fuel Tanning and dressing of leather Machinery and equipment n. e. c. Tobacco products Electrical machinery and apparatus n. e. c. Food products and beverages Motor vehicles, trailers and semi-trailers Textiles Chemical and chemical products Pulp, paper and paper products Office machinery and computers Furniture; manufacturing n. e. c. Medical, precision and optical instruments, watches Fabricated metal products Other transport equipment Other non-metallic mineral products Radio, TV and communication equipment Total manufacturing Total manufacturing Note: Research intensity is measured as R&D expenditure as percent of production (average 199/1997). Note: Research intensity is measured as R&D expenditure as percent of production (average 199/1997). 2 21

12 Graph 9: Sectors with the highest increase in productivity, EU and US, Table 4: Research intensity and productivity growth: sectoral evidence EU Low productivity growth High productivity growth EU US Radio, TV and communication equipment Radio, TV and communication equipment Basic metals Office machinery and computers Pulp, paper and paper products Coke, refined petroleum and nuclear fuel Productivity growth (% p.a.) Production growth (% p.a.) Medical, precision and optical instruments, watches Electrical machinery and apparatus n. e. c. Chemical and chemical products Tobacco products Low research intensity High research intensity US Low research intensity Food products and beverages Tanning and dressing of leather Wearing apparel; dressing and dyeing of fur Publishing, printing and reproduction Low productivity growth Food products and beverages Textiles Publishing, printing and reproduction Furniture; manufacturing n. e. c. Radio, TV and communication equipment Medical, precision and optical instruments, watches Office machinery and computers Chemical and chemical products Motor vehicles, trailers and semi-trailers High productivity growth Tobacco products Wearing apparel; dressing and dyeing of fur Note: Productivity is measured as real value added per employee. High research intensity Office machinery and computers Other transport equipment Radio, TV and communication equipment Motor vehicles, trailers and semi-trailers Electrical machinery and apparatus n. e. c. Note: A sector is included in a box if, during the 199s, its research intensity is in the lower or upper tercile (upper: top seven) of the sectors and its productivity growth is in the lower or upper tercile

13 Innovation and biotechnology Biotechnology is an industry where innovation has been at work at an impressive pace and with remarkable results. It is also an industry where some core issues of the innovative process are prominently present (small versus large firms, where the latter have often been instrumental in supporting the growth of the small ones, yet it is the former that are especially innovative; clusters of activity, where networking is an essential condition for dynamism and knowledge exchange; and inadequate financing). Thus, biotechnology offers a very good ground for analysis of comparative strengths in innovation and allows for the specific linking of innovation inputs such as research effort, human capital, institutional framework, firms capabilities and collaborative arrangements, and innovation output such as patents, publications and new products or processes. In biotechnology as in other industries, innovative capacity and competitiveness coincide. The distinctive features of innovation in this industry are the collaborative basis of research and the importance of small firms. Biotechnology highlights the importance of firms capabilities the ability to mobilise and exploit new knowledge and to reach out and exploit collaboration among agents and across stages of product development, scientific disciplines and industry frontiers. The sector is characterised by a new breed of agents, small specialised firms Dedicated Biotechnology Firms (DBFs) that have been developed with the explicit aim of exploiting the new technologies of life sciences for various industrial purposes. Although it took some time, the work of these firms is having a remarkable and radical impact, particularly in the health care sector. Patent and collaborative project data indicate that the US has accumulated and maintains a dominant advantage in innovative activities in biotechnology compared to Europe. There is now agreement that this leadership originates essentially in the strength of its DBFs and, more generally, in the development of a deep market for technology. Nevertheless, some of the smaller European countries (Ireland, the Netherlands and the Nordic countries) appear to specialise successfully in biotechnology niche markets. Also a spectacular increase has been observed recently in the number of new firms from 1996 to 2 the population of independent European DBFs almost doubled to close to 2 and in the clustering of research and production in Europe. The distribution of biotechnology DBFs in Europe is dominated by a relatively small number of clusters that are located mainly in parts of Germany, the UK, France and in some areas of the Baltic coast. Biotechnology involves the exploration of an enormous area of imprecisely defined opportunities. Consequently, for a successful biotechnology sector it is necessary to have both a decentralisation of efforts and a diversity of approaches, as well as an ability to co-ordinate these elements. It may be argued that Europe s lag behind the US in biotechnology is partly a reflection of its late entry. Innovative activities are generally characterised by increasing returns, and being first confers long-lasting leadership. But this may not be the only factor. A fundamental precondition for a successful development of biotechnology is the availability of leading edge scientific capabilities without a strong and diversified scientific research base, no technological take-off is possible. Moreover, success in this industry depends on a delicate blend of competencies and incentives and requires the integration and co-ordination of several differentiated agents, capabilities and functions. In particular, new European DBFs are generally smaller than their US counterparts, less active in global networks and collaborative relationships and less present in markets for these technologies. Access to an international scientific community requires direct and active participation in networks of scientists. One finding of the Competitiveness Report concerning European biotechnology is that whilst Europeans carry out a level of biotechnology research in the US that is comparable to that in other sectors, comparatively little US research is done in Europe. The apparent unattractiveness of Europe to US research appears to be particular to biotechnology. US research in life sciences has undoubtedly benefited from massive public support, while European efforts in this area have remained fragmented. Moreover, the European research system in the area of biotechnology appears to be weak in terms of organisational diversity; specialised in rather narrow fields and insufficiently interconnected across different research areas, types of organisations, stages of the research 24 25

14 process and national borders. European DBFs are still far too small to make maximum use of networks of collaborative research. Thus, their ability to grow appears severely constrained. Finally, DBFs exist in a relationship of strong complementarity with the large corporations. The latter are not only the fundamental source of demand for the products and services of DBFs but, equally importantly, they also provide the integrative capabilities that transform fragments of knowledge into products and constitute precious reservoirs of technological and managerial competencies. Especially in Europe, DBFs have been, and may increasingly become, spin-offs of large incumbents, rather than of universities, as in the US. Supporting the creation of DBFs may raise the competitiveness of the downstream industries, mainly pharmaceuticals. Several Member States have had policies to promote biotechnology in place for several years. Although there has been some success, notably in the promotion of biotechnology start-ups, the growth of DBFs in Europe appears to be hindered. To a considerable extent, this may be due to regulatory, entrepreneurial, fiscal or financial factors. However, in addition to these factors, the supply of cutting edge scientific research may be inadequate. If so, this problem could be addressed not only through higher levels of research funding but also through more pluralism in funding sources, lower dependence on closed national systems and higher integration of research with teaching, clinical research and medical practice. Table 5: Share of biotechnology patents invented by European assignees in the home country, in the US and in other European countries (sample of 1 patents in in percent) Country of the assignee Patents CH D F I NL UK invented in the home country 3,6 76,2 81,5 73,3 7,7 76,9 invented in the US 48,2 7,6 11, 4,9 4,4 8,1 invented in the other 18,4 11,2 4,2 21,8 24,8 12,8 EU countries Graph 1: Biotechnology patents granted by the US Patent and Trade Mark Office United States EU-15 Japan Germany United Kingdom Canada France Netherlands Denmark Switzerland Belgium Sweden Italy Austria Finland Norway Spain New Zealand Ireland Greece Hungary Portugal

15 Graph 11: Biotechnology patent applications to the European Patent Office for priority years 199 and 1997 Graph 12: European dedicated biotechnology firms: Main geographical clusters United States EU-15 Japan Germany United Kingdom France Netherlands Switzerland Italy Denmark Belgium Austria Sweden Finland Spain Ireland Norway Greece Iceland Portugal Luxembourg

16 Graph 13: Number of independent dedicated biotechnology firms (December 2) Germany United Kingdom Graph 14: European dedicated biotechnology firms: Distribution by year of foundation (firms per year) 2 France Sweden Switzerland Netherlands Italy BID, Total: 292 Ernst & Young, Total: Belgium Finland Denmark < Ireland 39 Norway 37 Table 6: European dedicated biotechnology firms: Distribution by areas of activity Spain Others* *Others: Austria, Czech Republic, Estonia, Hungary, Iceland, Lithuania, Luxembourg, Poland, Portugal, Romania, Russia, Slovakia. Country Therapeutics Num. % Diagnostics Num. % Agriculture Num. % EU 15 D UK F S CH I Others Total 89 4, , , , , , , , , ,5 48, ,89 13, ,99 12, ,85 34, ,54 2, ,85 16, ,97 4, ,25 2, ,6 13,63 Food Num. % , ,6 45 9,57 v73 17,6 1 6,17 4 6, , , ,36 Veterinary Num. % 137 6, , ,6 39 9,11 v17 1,49 3 4,62 3 2,8 1 12, ,93 Environment Num. % 15 7, , , , ,2, 8 7,48 5 6, ,16 Total Num. % , , , , , , 17 4, ,

17 Table 7: Public funding of research and development in biotechnology (1997) Total Government Biotechnology Budget Outlays R&D Biotech/ R&D or Appropriations R&D Overall for R&D (GBOARD) Millions PPP$ Millions PPP$ Percent Austria , Belgium , Canada , Denmark Finland , France , Germany 1, , Greece Iceland Ireland Italy , Netherlands 78. 3, Norway Portugal Spain , Sweden , Switzerland , United Kingdom , PART B: 21 Innovation Scoreboard An overview of Europe s innovation performance The Innovation Scoreboard analyses statistical data on 17 indicators in four areas: human resources; knowledge creation; transmission and application of new knowledge; innovation finance, output and markets. The Innovation Scoreboard depicts achievements and trends, highlights strengths and weaknesses of Member States performances, and examines European convergence in innovation. The Innovation Scoreboard is one of the benchmarking exercises of the European Commission that were launched in response to the Lisbon European Council. It builds on the structural indicators that the Commission offered in its Communication Realising the potential of the European Union Consolidating and extending the Lisbon strategy These data are national estimates, hence the range; 2. GBOARD has been estimated. 1 COM(21)

18 Innovation leaders come from Europe For many innovation indicators, the leading countries of the Union exhibit significant advances over the US and Japan. The UK, Ireland and France for example are world leaders in the supply of science and engineering graduates; Finland, the Netherlands and Sweden in public R&D; Sweden in business R&D; and the Netherlands, Sweden and Denmark in home internet access. This demonstrates the enormous potential for the exchange of good practice and learning within the EU using the open co-ordination method defined at Lisbon, as well as for enhanced co-operation between the Member States and the Union which is at the core of the European Research Area. The Union shows signs of both improvement and weaknesses For the EU as a whole, an analysis of changes in ten innovation indicators for which data are available over the last four to six years shows improvements in six indicators, no notable difference in one, and a decline in three: public R&D, business R&D, and value added from high technology manufacturing. Comparing current EU and US performances reveals that tertiary education levels, business R&D, home internet access, and high-tech patenting are among the most significant US advances over the EU, while the EU leads the supply of new science and engineering (S&E) graduates, public R&D and ICT (information and communication technology) investments. Compared to Japan, the EU leads only ICT expenditures. In internet access, Japan and the EU are equal, while Japan clearly leads in business R&D (almost double the EU average) and to a lesser extent in science and engineering graduates, public R&D and the share of the working age population with a tertiary education. Positive trends in most countries The Innovation Scoreboard provides detailed analysis by countries and by indicators. For an immediate overview, a tentative summary innovation index (SII) and overall country trends were calculated (see Graph 15). Countries above the horizontal axis have an above average SII, while countries to the right of the vertical axis show an overall trend above the EU average. These two axes divide the Graph into four quadrants. Countries in the upper right quadrant are moving ahead because both their summary innovation index and their past rate of change for the trend indicators are above the EU averages. Conversely, countries in the bottom left quadrant are falling further behind because they are below the EU average for both variables (see Chapter 3.3 of the 21 Innovation Scoreboard for further details). All Member States have improved their innovation performance. Three countries with currently low results show the most positive trends: Greece, Luxembourg and Spain have clearly been catching up. The three largest EU economies have also improved, but at rates below the EU average. The UK has improved the fastest in this group. Among the most innovative EU countries, Denmark and Finland have been moving ahead ; Sweden has improved at the EU average and the Netherlands improved at a rate below the EU average

19 Strong differences between Member States Although there are substantial national differences in innovation performance, there is no one best way of innovation policy. Variations between Member States are particularly high for four indicators: lifelong learning, business R&D, high-tech patenting and the share of SMEs involved in co-operative innovation. The differences are greater in areas directly influenced by private decision making. In contrast, there is less variability between Member States for most indicators that are strongly influenced by public policy, such as tertiary education or public R&D investments. For most indicators, the performances of the EU countries have been diverging over the past five to six years. Two major weaknesses: patenting and business R&D There is some evidence that the decline in public and business R&D expenditure since the early 199s has ended, with an increase in business R&D in several EU Member States since But, rapid increases in business R&D in Japan and the US since 1994 have increased the gap with Europe. Furthermore, US high-tech patenting in Europe is about seven times higher than European patenting in the US and the situation with Japan is almost as unbalanced. The strong position of Japanese high-tech patenting in the US indicates a potential for EU improvement in this area. Action The results of the 21 Innovation Scoreboard are consistent with the objectives set out in the Lisbon strategy. They provide additional evidence for fine tuning the recommendations already proposed and adopted in earlier work. The Innovation Scoreboard will be updated on an annual basis, paving the way to enhanced European co-operation in innovation policy. The 21 edition will be used to further develop innovation policy benchmarking in different ways. The Commission invites the Member States to analyse the Innovation Scoreboard results, to make comments, and to define, where appropriate, national targets. To facilitate the open co-ordination method defined by the European Council, Member States should evaluate their innovation policies systematically and, wherever practical, evaluate similar national policies jointly. The annual publication Innovation policy in Europe will include input from the Innovation Scoreboard and provide a synthesis of the results from benchmarking innovation policy in Europe. These actions will gradually involve the candidate states. Innovation has a strong regional dimension and the Commission invites the European regions to participate actively in innovation policy benchmarking. The quality of the Innovation Scoreboard relies on statistical data from the Member States. In this context, the Commission recommends paying specific attention to the timely implementation and upgrading of the Community Innovation Survey

20 Graph 15: Overall country trends by innovation index Graph 16: Tentative Summary Innovation Index* Summary innovation index Losing momentum D F NL UK A I S B FIN DK IRL L E 1. Moving ahead S US FIN UK J DK NL IRL D F A B L E I GR P -8-1 P GR 4. Falling further behind 3. Catching up Average percent change (95/97 99/2) in the trend indicators 38 * The summary index is equal to the number of indicators that are more than 2% above the EU overall mean, minus the number that are more than 2% below. The SII is adjusted for differences in the number of available indicators for each country. The index can vary between + 1 (all indicators are above average) to -1 (all indicators are below average) 2. The two patent variables count as.5 each, giving a maximum of 17 possible indicators 3. Table 8: Indicator results based on the most recent data available No Indicator EU Mean EU leaders US J 1.1 S&E graduates / 2 29 years 1,4% 17,8 (UK) 15,8 (F) 15,6 (IRL) 8,1 11,2 1.2 Population with tertiary education 21,2% 32,4 (FIN) 29,7 (S) 28,1 (UK) 34,9 3,4 1.3 Participation in life-long learning 8,4% 21,6 (S) 21, (UK) 2,8 (DK) 1.4 Employed in med/high-tech manuf. 7,8% 1,9 (D) 8,3 (S) 7,6 (I/UK) 1.5 Employed in high-tech services 3,2% 4,8 (S) 4,5 (DK) 4,3 (FIN) 2.1 Public R&D / GDP,66%,95 (FIN),87 (NL),86 (S),56,7 2.2 Business R&D / GDP 1,19% 2,85 (S) 2,14 (FIN) 1,63 (D) 1,98 2,18 2.3a High-tech EPO patents / population 17,9 8,4 (FIN) 35,8 (NL) 29,3 (D) 29,5 27,4 2.3b High-tech USPTO patents / pop. 11,1 35,9 (FIN) 29,5 (S) 19,6 (NL) 84,3 8,2 3.1 SMEs innovating in-house 44,% 62,2 (IRL) 59,1 (A) 59, (DK) 3.2 SMEs innovation co-operation 11,2% 37,4 (DK) 27,5 (S) 23,2 (IRL) 3.3 Innovation expenditure/total sales 3,7% 7, (S) 4,8 (DK) 4,3 (FIN) 4.1 High-tech venture capital / GDP,11%,26 (UK),2 (S),17 (B) 4.2 New capital raised / GDP 1,1% 5,6 (NL) 4,5 (DK) 4,4 (E) 1,9 4.3 Sales of new-to-market products 6,5% 13,5 (I) 9,5 (E) 8,4 (IRL) 4.4 Home internet access 28,% 55 (NL) 54 (S) 52 (DK) ICT markets / GDP 6,% 7,4 (S) 6,6 (NL) 6,6 (P) 5,9 4,3 4.6 High tech value added in manuf. 8,2% 2,5 (IRL) 18,8 (S) 12,5 (FIN) 25,8 13,8 2 A generally applicable model for how each indicator influences innovation is not available, which is why all indicators are given equal value in calculating the SII. Due to sampling, definitional, and other errors for many of the indicators, we assume that indicators within +2% and -2% of the overall EU mean do not differ in any meaningful way from the average. The choice of a 2% boundary is largely arbitrary. Sensitivity analysis found a high correlation (R 2 of.98) between the summary index using a 2% boundary and those for a 15% and 25% boundary. The range in the SII from +1 to -1 is also arbitrary - it could have equally varied from -1 to 1 or -1 to A different calculation approach for a summary index was tested based on the average percentage by which each indicator varied from the overall EU average. This indicator is strongly correlated with the retained SII (R 2 of.89). The retained SII is preferred over the percentage index because it ignores minor differences from the EU average which may not be meaningful. It is correlated (R 2 of.64) with the Economic Creativity Index from the Global Competitiveness Report 2 of the World Economic Forum (WEF)

21 Table 9: Major strengths and weaknesses of Member States Country Major strengths Major weaknesses Belgium Denmark Germany Population with tertiary degree; High-tech venture capital High-tech services; Patenting; Innovative SMEs Medium-high/high-tech manufacturing; Patenting; Innovative SMEs Innovative SMEs; Public R&D expenditure S&E graduates supply; New-to-market products; Life-long learning; High-tech services Greece Innovation finance Public and business R&D; High-tech patenting; Innovative SMEs; Internet Spain France Ireland Italy Innovation finance; New to market products Supply of S&E graduates; Public R&D; Product innovation Supply of S&E graduates; Innovative SMEs; High-tech services Product innovation; Innovative SMEs Public and business R&D; Hightech patenting; Internet access Internet; Innovation finance Public R&D; High-tech patenting; Life-long learning Public R&D; Education; High-tech patenting; Innovation finance; Luxembourg Internet access High-tech patenting; Innovative SMEs; Life-long learning; Netherlands Public R&D; High-tech patenting; Internet; Innovation finance S&E graduate supply Austria Innovative SMEs S&E graduate supply; High-tech patenting; Innovation finance Graph 17: New S&E graduates as percent of the 2-29 population* High (over 2% of EU mean) Average Low (below 2% of EU mean) UK F IRL FIN EU S E D A NL P B DK I US J All data are from Eurostat, except for the population data for the US and Japan which are from the US Census web site. Results for all countries are for 1999, except for 1998 data for Denmark, France, Ireland, Austria and the UK, and 1997 data for Italy. No data for Luxembourg and Greece. * The definition of this indicator has been changed as compared to the outline scoreboard. It now uses the entire population of 2 29 years old as a reference. The new definition is in line with the equivalent indicator of the Enterprise Scoreboard and better reflects the actual number of new S&E graduates available in each country. S&E graduates are defined as all post-secondary education graduates (ISCED classes 5a and above) in life sciences (ISC42), physical sciences (ISC44), mathematics and statistics (ISC46), computing (ISC48), engineering and engineering trades (ISC52), manufacturing and processing (ISC54) and architecture and building (ISC58). Portugal Finland Sweden United Kingdom ICT expenditure; Product innovation Workforce with tertiary degree; R&D, High-tech patenting; Internet R&D; Life-long learning; Hightech services; SMEs; High-tech venture capital; Internet Education; High-tech venture capital; Internet Public and business R&D; Education; Innovative SMEs; High-tech patenting Innovative SMEs New capital raised Public R&D 4 41

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