Innovation, Employment and Growth Policy Issues in the EU and the US

1. Front Matter

   Pages i-xxxii

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2. Structural Change, Innovation and Growth in the Single EU Market

   • Paul J.J. Welfens, Dora Borbély

   Pages 1-40

3. Wage Dispersion in Germany and the US: Is There Compression from Below?

   • Joachim Möller

   Pages 41-59

4. The Performance Effects of Unions, Codetermination, and Employee Involvement: Comparing the United States and Germany (with an Addendum on the United Kingdom)

   • John T. Addison

   Pages 61-120

5. Ageing and Pension Reforms: Simulations and Policy Options

   • Joachim Winter

   Pages 121-129

6. Ageing and Global Capital Flows

   • Volker Clausen

   Pages 131-136

7. Effects of the Ageing Population on Capital Markets

   • Freddy Van den Spiegel

   Pages 137-143

8. US Economic Outlook: Beyond the Credit Crunch

   • Holger Schmieding

   Pages 145-151

9. Selected Innovation Factors: An International Comparison

   • Lothar Funk, Axel Plünnecke

   Pages 153-171

10. The Innovation Imperative and the Role of SBIR Innovation Awards

    • Charles W. Wessner

    Pages 173-187

11. Trips, Pharmaceutical Innovation and Access to Medicines

    • Mario Villarreal, Elizabeth DuPre

    Pages 189-205

12. The Knowledge Society

    • Ernst Helmstädter

    Pages 207-223

13. Technological and Growth Dynamics in the New Member States of the European Union

    • Andrea Szalavetz

    Pages 225-244

14. Benchmarking Innovation Performance on the Regional Level: Approach and Policy Implications of the European Innovation Scoreboard for Countries and Regions

    • Bernhard Iking

    Pages 245-271

15. Energy Technology Policy in Europe

    • Jochen Hierl, Peter Palinkas

    Pages 273-293

16. US Climate Change Emissions Mitigation Policy: Energy Technology Push and Other US Policies

    • Fred Sissine

    Pages 295-327

17. EU-US International Relations: A Political Science Perspective

    • Martin List

    Pages 329-344

18. Policy Issues and Fields of Cooperation

    • Jackson Janes

    Pages 345-352

Economic development has cyclical dynamics and long-term dynamics – the latter are typically related to demographical changes, innovation and long-term insti- tional changes in open economies. Financial markets – that means mainly capital markets – and labor markets are affected in OECD countries both by innovations and institutional reforms. As regards demographics ageing is a typical challenge on both sides of the Atlantic, and pension reforms in industrialized countries have placed greater emphasis on capital markets than in previous decades. Innovation dynamics certainly are also quite important for all high wage OECD countries. The Lisbon Agenda has put particular emphasis on more growth, higher innovation dynamics and better exploitation of the advantages of a digitally networked society. Traditionally, the US has a lead in global innovations, and the US policy certainly has contributed to the American technological leadership. There still is a per capita income gap in favor of the US and the US labor market situation also looks relatively favorable, but in the ?ve years since 2001 employment growth in the euro area was higher than that of the US. The euro area is, however, a rather heterogeneous set of countries which differ in terms of institutions, attitudes and reform progress – and everywhere governments are aware that there have to be reforms, not least in the context of globalization which bring a more complex and dynamic spatial structure of value-added.

• Employment
• European Union
• European Union (EU)
• Simulation
• Structural Change
• Transatlantic Cooperation
• development
• economic policy
• energy policy
• growth
• innovation
• innovation systems
• labor market
• technology policy
• unions

• Europäisches Institut für Internationale, Bergische Universität Wuppertal, Wuppertal, Germany

  Paul J.J. Welfens

• Moore School of Business, University of South Carolina, Columbia, U.S.A.

  John T. Addison

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