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The long-term economic performance of Europe depends on its ability to generate new knowledge and inventions, and, to translate invention into innovation and innovation into economic adaptation and growth.This ability is central to achieving the objectives of the Lisbon Agenda and the new industrial policy in an enlarged EU.However, innovation involves more than invention, more than the funding of ...

"It is widely recognised that intellectual assets are major determinants of the generation of innovation and thus in the enhancement of growth, employment and competitiveness of the EU. The importance of R&D and innovation is also explicitly acknowledged in the “Lisbon process”. However, our knowledge of the contribution of intangibles to economic performance is still incomplete. While firms undou ...