Luc Soete

Luc Soete
Maastricht University | UM · UNU-MERIT

Dean, Brussels School of Governance, VUB, Belgium

About

253
Publications
79,763
Reads
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14,113
Citations
Citations since 2016
15 Research Items
4294 Citations
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Introduction
Skills and Expertise

Publications

Publications (253)
Article
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In this paper we draw a parallel between the insights developed within the framework of the current COVID-19 health crisis and the views and insights developed with respect to the long term environmental crisis, the implications for science, technology and innovation (STI) policy, Christopher Freeman analyzed already in the early 90′s. With at the...
Article
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Despite the fact that research and development (R&D) activities are carried out in most countries in public research institutes such as universities and public research organizations, there have been few studies that attempted to estimate the economic impact of such public investment in R&D. In this paper, we analyze the relations between total fac...
Chapter
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Analyzes research and innovation in the European Union against the backdrop of the COVID pandemic, Brexit, global challenges and a changing international landscape.
Book
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The full text is freely available from UNESCO: https://www.unesco.org/reports/science/2021/en/download-the-report and directly via UNESDOC: https://unesdoc.unesco.org/ark:/48223/pf0000377433 | It is striking how development priorities have aligned over the past five years. Countries of all income levels are prioritizing their transition to digit...
Article
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As so many other researchers sitting home and watching the news on the onslaught of COVID-19 in Europe, I have been impressed with the way the scientific community of virologists, epidemiologists and other medical experts on infections and viruses, caught the listening ear of national policy makers, business leaders and the public at large. Suddenl...
Technical Report
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Due to its role in the industrial and R&D system of the former Soviet Union, an independent Armenia inherited a diverse and developed network of research institutes, notably those under the National Academy of Science (NAS), and higher education institutions focused largely on education rather than research. The consolidation of the public and high...
Article
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Using a vector-error-correction model (VECM) with total factor productivity (TFP), domestic and foreign research and development investment (R&D) as well as GDP, we find that for the Netherlands for the period 1968–2014, extra investment in public and private R&D has a clear positive effect on TFP growth and GDP. Taking into account the costs of th...
Article
The setting up of the Science Policy Research Unit (SPRU) at Sussex University 50 years ago represented a “transformative change” in the research on science policy and the understanding of the nature and origin of technological change and innovation studies. It influenced policymakers across the world in both the mature Organisation for Economic Co...
Technical Report
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Research and innovation strategies are the pillars of Europe’s 2030 strategy: achieving growth that is smart, inclusive and sustainable. Key to this process is providing a direction for change, while also enabling bottom up experimentation and exploration. Directions for innovation can be guided towards the grand challenges facing societies, whethe...
Book
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The aim of the peer review is to provide external advice to the Bulgarian authorities in the process of evaluating their R&I system and assist where necessary in implementing the recently updated National Strategy for Development of Research 2020 and the upcoming Smart Specialisation Strategy (referred to in Bulgaria as Innovation Strategy for Smar...
Article
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This paper develops a general equilibrium framework to study the role of preference structure (additive, multiplicative and a convex combination of the two) in connecting consumption, health investment, stock of health and capital, and their effects on the wage rate and on productivity. We show that the elasticities of health production, health inv...
Article
Our understanding of the relationships between research and innovation has radically changed over the last 25 years. The implications for development are striking. They bring to the forefront the importance of endogenous innovation processes in both developed and developing country situations. In the old industrial Science and Technology (S&T) mode...
Book
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Today, a large number of scholars studying development understand this process as involving learning and capability building. Capability building is an active, not a passive, process. It requires a purposeful effort from the learner’s side, with support and commitment on allocation of time and resources toward learning activities. This process impl...
Conference Paper
The hypothesis put forward is that the current European crisis is illustrative of a broader failure to integrate across Europe some of the core real production factors behind economic growth.
Chapter
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In this chapter, we reassess the nature of the catching up processes of developing countries, which has, in our view, changed substantially at both global and local level over the last decade. Catching up today can no longer be disentangled from the rapid internationalization of science and technology and the globalization of innovation, following...
Article
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"Innovation is good for you" appears actually the common feature of most science, technology and innovation studies over the last decades. This appears, however surprising given the fact that innovation failure rather than innovation success appears a much more common feature. Hence the simple, but straightforward question which will be central in...
Article
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We use a general equilibrium framework to study optimal health investment in a dynamic model where agents derive utility from consumption and health. The steady state and the dynamics of the model are studied under separable and non-separable preferences. A shock undermining health which increases health expenditure and weakens the income base, not...
Article
Summary This article explores in depth the role of indigenous and foreign innovation efforts in technological change and catching up and their interactions in the emerging economies. It presents original evidence and argues that, despite the potential offered by globalization and a liberal trade regime, the benefits of international technology diff...
Article
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In this paper we present a vision for the course Europe should take in its research and higher education policies in order to fully live up to the expectations of its citizens to provide a safe, comfortable, affluent and sustainable environment in this period of considerable financial restraint on the part of EU governments. In particular we focus...
Article
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The nature of the catching-up process has changed substantially at both the global and local levels over the last decade. The catching up process can no longer be disentangled from the rapid internationalization of science and technology and the globalization of innovation, in which the developing countries have an increasingly important role to pl...
Article
We review the literature on national innovation systems. We first focus on the emergence of the concept of innovation systems, reviewing its historical origins and three main flavors (associated to three "founding fathers" of the concept). After this, we discuss how the notion of innovation systems filled a need for providing a broader basis for in...
Chapter
The rate at which the BRICS countries have grown in the last couple of decades has been impressive. As the chapters of this book have shown, a number of factors have contributed to this, including, for example, foreign direct investment (FDI), improved absorptive capacity and growth of domestic high-tech industries as well as the support of small a...
Article
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We study the behavior of consumption and health investment resulting from shocks undermining health capital accumulation. We examine the effects on subsequent life cycle of long-lived shocks undermining health with either an acceleration of health capital deterioration, or a decrease in health investment efficiency. We also address the issue of the...
Book
'This volume gives an excellent overview of science and technology policy in Europe in the post-war period. Experts with a background in research and policy explain the historical and theoretical roots of the European Research Area. Contributions illuminate the tension between science policy and innovation policy and the difficulties to balance nat...
Article
This paper addresses some of the challenges confronting the EU and China as they build their knowledge economies. We argue that there is an urgent need to develop a new outward-looking Lisbon strategy, preparing the EU for globalization. The strategy would focus on: international trade in services, internationalization of research networking, and a...
Article
Il ne faut pas considerer comme assures les gains de la nouvelle societe de l'information en matiere de bien-etre a long terme. Lorsque le produit global croit nettement plus que la productivite, il s'avere que le chomage decline sensiblement. Il s'agit la d'un cercle vertueux auquel contribuent manifestement les techniques qui ameliorent l'efficac...
Article
The long-term welfare gains associated with the emerging information society should not be taken for granted. When aggregate output grows substantially faster than productivity, unemployment has proved to decline significantly - a virtuous circle in which efficiency-enhancing technologies clearly play a part. Yet the employment effects of new ICTs...
Article
La expectativa de que la nueva sociedad de la informacion traera consigo un aumento duradero del bienestar social no debe darse por segura. Esta demostrado que si el conjunto de la produccion aumenta a un ritmo considerablemente mas rapido que la productividad, se produce una reduccion significativa del desempleo. Se trata de un circulo virtuoso en...
Article
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This paper analyzes the impact of globalization on the allocation of public and private resources for research, knowledge creation and diffusion. We argue that while the concentration of research investments remains in a relatively small number of rich countries and regions, the focus of such activities is increasingly global. From this perspective...
Article
Research and innovation are extremely important for Germany. New insights are generated by research, and new ways of creating value are opened up by technical, organisational, and other innovations. Production, value-creation and employment tend to increase much more in companies which are highly innovative. The public sector can become more effici...
Article
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Lawrence R. Klein pioneered the work on aggregation, in particular in production functions, in the 1940s. He paved the way for researchers to establish the conditions under which a series of micro production functions can be aggregated so as to yield an aggregate production function. This work is fundamental in order to establish the legitimacy of...
Article
The science–technology–innovation system is one that is continuously and rapidly evolving. The dramatic growth over the last 20 years in the use of science, technology and innovation (STI) indicators appears first and foremost to be the result of a combination of, on the one hand, the ease of computerized access to an increasing number of measures...
Article
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This paper addresses some of the challenges confronting the European Union and China as they build their knowledge economies, and their on-going and possible future actions to address such challenges. Fifty years after the creation of what became the European Union, we argue that there is an urgent need to develop a new European Lisbon Agenda, prep...
Article
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During the 1980s and 1990s "Active labour" market reforms opened up labour markets in Europe, making them more flexible without putting in jeopardy the essence of the social security protection model. Countries that went furthest in such "active labour" market reforms such as the UK, the Scandinavian countries, and the Netherlands witnessed not jus...
Article
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Looking back to the seminal papers by Richard R. Nelson, “The simple economics of basic scientific research,” and Kenneth Arrow, “Economic welfare and the allocation of resources for invention,” this article claims that in the last fifty years, there has been a paradigm change in our understanding of the economics of research and invention. The art...
Article
Looking back to the seminal papers by Richard R. Nelson, "The simple economics of basic scientific research," and Kenneth Arrow, "Economic welfare and the allocation of resources for invention," this article claims that in the last fifty years, there has been a paradigm change in our understanding of the economics of research and invention. The art...
Article
'... The topical way in which the subject is discussed makes this book useful also for policymakers or entrepreneurs interested in the subject. It is also appropriate for Masters or Ph.D. students who have a basic background in economics and management...[the book] provides interesting and deep analysis of the dynamic of knowledge economy and it is...
Chapter
My closest interaction with Jan Lambooy, who I had known for many years, was actually just three years ago when he put forward my name to the chairman of the Board of the ‘other’ university - Utrecht University - he has been so closely involved with, to give one of the academic opening speeches in 1999. The two of us would, together with the other...
Book
This important book presents a unique body of research into the economics of the digital society. It questions how modern economies have been transformed as a result of digital goods and markets, and explores the policy implications and challenges of this revolution. Luc Soete and Bas ter Weel have assembled leading economists and social scientists...
Article
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This paper provides a survey on studies that analyze the macroeconomic effects of intellectual property rights (IPR). The first part of this paper introduces different patent policy instruments and reviews their effects on R&D and economic growth. This part also discusses the distortionary effects and distributional consequences of IPR protection a...
Article
"Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street," observed legendary speculator Jesse Livermore. History tells us that periods of major technological innovation are typically accompanied by speculative bubbles as economic agents overreact to genuine advancements in productivity. Excessive run-ups in asset pri...
Article
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Paper originally prepared for the European Ministerial eGovernment Conference held in Como, Italy, 7-8 th July 2003. The paper is based on a report "Information, transparency and efficiency in the public sector", prepared for the Dutch Ministry of Economic Affairs. Comments can be addressed to luc.soete@algec.unimaas.nl.
Article
Knowledge is becoming increasingly important in contemporary economic systems, and economic growth and welfare depend on how promptly economic agents are able to exploit the benefits derived from technological innovations. In a landscape characterized by globalization, the contributors to this volume analyse some of the major trends and policy chal...
Article
Despite the rapid pace of developments in the policy front, a major weakness of the theoretical and policy treatments of the service sector and the “trade in services” debate is their neglect of the impact of technological change on the changing nature of the service sector, the increasing internationalization of services, and the particular and do...
Article
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Analyses of structural transformations of modern developed economies have led in the second half of the 90s to two important debates. One bore on the skill bias nature of technological change, the other underlined the likely overestimation of consumer prices and therefore the underestimation of past rates of real economic growth, following misappre...
Article
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This paper addresses the particular question of the impact of this "new" digital environment on the labour market. It will investigate in particular how ICT has changed and is changing the labour market and the "old", classical insights into the relationship between technology, employment and skills. We start in Section 2 with a review of the liter...
Article
What probably strikes most readers of recent policy documents discussing the subject of electronic commerce and the information highway is the extent of the expectations business people and policy-makers have with respect to the expected growth impact of such new forms of electronic, interactive, digital commerce, particularly when compared to the...
Article
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This paper examines the processes of knowledge transfer in the services sector in the economic reality, increasingly affected by the use of information and communication technologies. An important focus is to explore whether the knowledge transfer channels, traditionally used in manufacturing, can also be made use of in services. To this end, the a...
Article
The digital economy can not be limited to just issues involving the organization of electronic commercial activities. An information society should be formed where ease of communication and access to information and data are not just essential ingredients of economic activities but also of social interaction and democratic expression. The cultural...
Article
This paper expands the outlook on future energy systems as it is presented in other contributions to this Special Issue in two ways. First, we put the medium-term scenarios developed by the TEEM Project into the context of longer-term studies. We do this by discussing the plausibility of possible continuations of the TEEM medium-term scenarios by e...
Article
The paper aims to identify both the major changes that have occurred in the energy sector during the past thirty years and the key driving forces that explain these changes. After a review of the key concepts provided by economic theory in order to analyse technical change in Section 2, Section 3 proposes an historical analysis of three main cluste...
Article
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This paper explores and analyses the concept of knowledge and its application in economics by means of the Schumpeterian framework provided by New Growth Theory. In doing so, we focus on the particular role of knowledge spillovers in a small open economy such as the Netherlands.
Article
The globalization process, formerly dominated by international trade and investment, is largely borne today by the reduction in the costs of information and communication processing, which altogether with the accumulation of knowledge and experience, deeply transforms the context for international transactions. This fast-paced process raises some f...
Article
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R&D based models relating technical change and economic growth have been unsuccessful in explaining the recent productivity paradox: R&D efforts have risen continuously in advanced countries during the postwar period whereas productivity growth has, if anything, declined. Several explanations of the paradox are offered, together with empirical ways...
Article
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This paper goes into detail in the pattern of growth over the last thirty to forty years at the world level. A model is developed in which different aspects of technological change and their influence on growth will be outlined. This model is used in estimations for cross-country OECD-samples of 1973-1996 growth paths, as well as in panel databases...
Article
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This paper discusses the position of the European Union in the world economy by focussing on innovation, knowledge creation and technology policy. First, we explore and analyse the concept of knowledge and its application in a modern Schumpeterian framework. Second, we address some new insights in the diffusion and other properties of knowledge. Th...
Article
Parallel to the process of economic integration, as it has taken place over the last twenty years and particularly within the framework of the creation of the large European “Single Market”, European economies have been confronted by a significant increase in the degree of structural change at the world level. The last ten years can indeed be descr...