Institutions and Innovation in the European Union

  • Stefano Micossi


In the 1990s, the issue of competitiveness acquired new prominence and meaning in policy-making, following the example of aggressive economic reform in countries such as New Zealand. The emphasis shifted from “strategic” industrial and technology policies to the countries’ general business environment and attractiveness for investment. Accordingly, the policy approach stressed comprehensive reviews of the quality of institutions and government, legislation, education and human capital. Government-sponsored competition reports and competitiveness councils were given the task of identifying and attacking the weak spots in the domestic economy; competition policy came to be seen as a sustained effort to improve the economy across a broad spectrum of variables.


EUROPEAN Union Social Protection Regulatory Reform Employment Protection Legislation Average Percentage Change 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Barca, F., Becht, M. (Eds.), The Control of Corporate Europe, Oxford University Press, 2001.Google Scholar
  2. Blanchard, O., Rents, Product and Labour Market Regulation, and Unemployment, Lionel Robbins Lecture, LSE, October 2000.Google Scholar
  3. Blanchard, O., Giavazzi, F., “Macroeconomic Effects of Regulation and Deregulation in Goods and Labour Markets”, MIT Department of Economics, Working Paper, 2000, (1, 2).Google Scholar
  4. European Commission, Competitiveness Report on the European Economy, Brussels, 2001. European Commission, Competitiveness of European Manufacturing, Brussels, 2001. Federal Reserve Bulletin, Productivity Abroad, October 2000.Google Scholar
  5. Geroski, P., The Public Policy Challenge of the New Economy, 2002 (mimeo).Google Scholar
  6. Hall, P., Soskice, D. (Eds.), Varieties of Capitalism, Oxford University Press, 2001.Google Scholar
  7. Hodson, D., Maher, I., “The Open Method as a New Mode of Governance: The Case of Soft Economic Policy Co-ordination”, Journal of Common Market Studies, 2001, 39(4).Google Scholar
  8. IMF, “Chronic Unemployment in the Euro Area: Causes and Cures”, World Economic Outlook, May 1999, Chapter IV.Google Scholar
  9. Lindbeck, L., Improving the Performance of the European Social Model, Paper prepared for the IESE Conference “Building a more dynamic Europe”, Barcelona, November 2001.Google Scholar
  10. Nicoletti, G. (2001A), “Regulations in Services: OECD Patterns and Economic Implications”, OECD Economics Department Working Papers, 2001, (287).Google Scholar
  11. Nicoletti, G. (2001B), Institutions, Economic, Structure and Performance: is Italy Doomed?, OECD, 2001 (mimeo).Google Scholar
  12. Nicoletti, G., Bassanini, A., Ernst, E., Jean, S., Santiago, P., Swaim, P. (2001A), “Product and Labour Market Interaction in OECD Countries”, OECD Economics Department Working Papers, 2001, (312).Google Scholar
  13. Nicoletti, G., Scarpetta, S., Boylaud, O. (2001B), “Summary Indicators of Product Market Regulation with an Extension to Employment Protection Legislation”, OECD Economics Department Working Papers, 1999, (226).Google Scholar
  14. North, D., Institutions, Institutional Change and Economic Performance, Cambridge University Press, 1990. OECD, Science, Technology and Industry Outlook, 2000.Google Scholar
  15. Peterson, J., Sharp, M., Technology Policy in the European Union, The European Union Series, 1998.Google Scholar
  16. Phelps, E., Zoega, G., “Structural Booms”, Economic Policy, 2001, (32).Google Scholar
  17. Roe, M., Corporate Law’s Limits, 2001 (mimeo).Google Scholar
  18. Zingales, L., “The Value of the Voting Rights: a Study of the Milan Stock Exchange Experience”, Review of Financial Studies, 1994, (125).Google Scholar

Copyright information

© Springer Science+Business Media New York 2003

Authors and Affiliations

  • Stefano Micossi

There are no affiliations available

Personalised recommendations