US-Japanese knowledge transfer programme in the aftermath of WWII
Following WWII, Japan experienced three decades of rapid productivity growth and convergence with the US. This column studies the Japanese Productivity Program, a joint US-Japanese
Why EU innovation policy fails to promote disruptive innovation
Europe’s long-term prosperity depends on its ability to generate and absorb disruptive innovation. This column argues, however, that the European Commission’s proposed 2028–2034 Multiannual Financial
Aligning drug prices and innovation: How global spillovers shape the future of medicines
As the US and EU push forward with drug-pricing reforms, the topic has moved to the centre of political debate. This column shows how national
How can data from space shape the future of agriculture?
Have you ever wondered how satellites orbiting thousands of kilometers above Earth can help farmers on the ground grow more food? From mapping land use
Innovation in the digital economy architecture: Ensuring regulatory simplification drives innovation and growth
Over the last decade, the EU has pioneered a world-leading framework for digital governance, but the result has been an increasingly complex regulatory landscape and
Labour market institutions for the AI era: The need for verified employment records
The rise of AI fundamentally alters the balance between formal credentials and verified experience in labour markets, but without verified employment records, experience remains invisible.
Beyond military sales: The market premium on dual-use research and development
The sharp rise in European defence spending – driven by Russia’s full-scale invasion of Ukraine, President Trump’s re-election and the weakening of US security guarantees,
Public money, private innovation: How government funding built – and sustains – America’s technological leadership
The US has long been the world’s innovation powerhouse, based on a system that combines public funding with private initiative. Yet this model is under
Credit and product innovation in emerging markets: Evidence from India
Access to finance is an important driver of innovation in developed countries. This studies a 2006 reform in India that expanded credit access for many
No, the EU does not impose a 45% tariff on itself
A recent paper which has gathered significant attention estimates a 45% tariff equivalent of intra-EU border costs. This column argues that this estimate is likely
