"Technology and Innovation in Europe: an empirical study"

In the industrialised world, creating, exploiting and commercialising new technologies is absolutely essential if a country is to stay competitive vis-à-vis other countries. High-technology sectors are key drivers for economic growth, productivity and welfare, and are generally a source of high value added and well-paid employment. Technology-intensive enterprises are often referred to as high-technology - or high-tech - companies. This paper explores Europe’s performance in high technology industries and knowledge-intensive services by looking at the different facets in using statistics on enterprises (value added, production value, etc.), on venture capital investments, on high-tech trade, on employment and on R&D personnel and expenditure.