The European Union suffers from an innovation deficit, which must be remedied if
the EU is to improve the quality of life of its citizens and remain competitive in the
global marketplace. In order to do so, more productive entrepreneurship is required.
We analyze how Europe’s institutional framework conditions could become more
supportive of entrepreneurship and innovation, and outline a reform strategy to
achieve this objective. To be viable, the strategy emphasizes the large cross-country
differences across the union. Each EU member state has evolved its particular
bundle of institutions, many of which are complementary to one another. If these
complexities are not acknowledged, well-intended reforms may become unpredictable
or even detrimental to entrepreneurship and economic development.


Here you find a presentation of FIRES in the periodical Economisch Statistische Berichten (in Dutch). Download it here.

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