Revista OEconomica

Iulian-Gabriel IONESCU, Mariam BALINT, Gabriel-Robert SAIU - An Inquiry into the Determinants of Stock Market Performance in CEE: A Dual Approach Based on ARDL and Quantile Regression

Ioana Anastasia MUŞAT - Detecting Speculative Bubbles and Contagion Dynamics in the European Technology Sector [Detectarea bulelor speculative şi analiza contagiunii în sectorul tehnologic european]

Laura PREDA - Determining the Socio-Economic Factors of Home Ownership Across Europe

Maria Cristina DRĂGUŢESCU, Esra CADÎR, Rebecca Elena APOSTOLESCU - The European Union and the Innovation and Competitiveness Gap Vis-à-Vis the United States [Uniunea Europeană şi decalajul de inovaţie şi competitivitate faţă de SUA]

Iulian Cezare DEDIU - Economic Warfare: Analyzing the Use of Sanctions in Geopolitical Conflicts [Arma economică: analiza utilizării sancţiunilor în conflictele geopolitice]

Articles on Issue Theme

Maria Cristina DRĂGUŢESCU

Academia de Studii Economice din Bucureşti

Esra CADÎR

Academia de Studii Economice din Bucureşti

Rebecca Elena APOSTOLESCU

Academia de Studii Economice din Bucureşti

In September 2024, the former President of the European Central Bank and Prime Minister of Italy, Mario Draghi, presented a report highlighting persistent challenges facing the European Union in terms of innovation, competitiveness, and economic growth. Despite long-standing strategic ambitions to become a global innovation leader, the EU continues to lag behind the United States. This paper provides a comparative macroeconomic analysis of the two economies, taking into account economic, institutional, and cultural factors shaping innovative performance and competitiveness. The study is based on a synthesis of existing literature, cross-country comparisons of key economic indicators, and an assessment of relevant public policies. Particular attention is devoted to research and development investment, GDP dynamics, labour productivity, innovation-support policies, and the structural barriers that hinder progress within the EU. The paper concludes by outlining prospects and policy directions in the context of the Green Transition, emerging industrial strategies, and evolving global challenges.

ŒCONOMICA no. 3/2025

Keywords: European Union, United States, innovation performance, economic competitiveness, public policy, structural barriers

JEL: F15, L52, M13, O31, O38

The European Union and the Innovation and Competitiveness Gap Vis-à-Vis the United States [Uniunea Europeană şi decalajul de inovaţie şi competitivitate faţă de SUA]

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