plagued by low pay-off in relation to very high investments in R&D and innovation efforts. Using new data, we show that this … related to the Swedish paradox. We take account of the history of innovation policy in Sweden and – on the basis of the …

plagued by low pay-off in relation to very high investments in R&D and innovation efforts. Using new data, we show that this … related to the Swedish paradox. We take account of the history of innovation policy in Sweden and – on the basis of the …

necessarily a sign of weakness or deficiency of the innovation system, but rather indicates that long-term growth requires large …