Radical novelties in critical technologies and spillovers: how do China, the US and the EU fare?
Alicia Garcia Herrero
Michal Krystyanczuk
Robin Schindowski
In this paper, Alicia García-Herrero, Michal Krystyanczuk, and Robin Schindowski use large language models to identify patents published by Chinese, EU, and US technology innovators which include radical novelties, thereby comparing innovation ecosystems.
Focusing on artificial intelligence, semiconductors, and quantum computing, authors find that US innovators dominate in quantum computing, while doing only slightly better than China in AI. China dominates in many semiconductor fields, but not in those which provide the highest value addition. According to this study, the EU is by far the slowest in replicating radical novelties from the US and China, while the US and China tend to replicate European novel patents relatively quickly.
About authors
Alicia Garcia Herrero
Chief Economist for Asia Pacific at Natixis, Senior Fellow at Bruegel, Non-resident Senior Follow at the East Asian Institute, Adjunct Professor at the Hong Kong University of Science and Technology
Economist specialized in monetary and financial issues in emerging markets, banking crises and resolution strategies, financial development
Michal Krystyanczuk
Data Scientist at Bruegel
Specialist in Deep Learning and Big Data techniques for various AI tasks
Robin Schindowski
Research Assistant at Bruegel
Economist with a background in Chinese studies, specializing in China’s political economy and industrial organization