RT Generic T1 The end of the European Paradox A1 Herranz, Neus A1 Ruiz-Castillo, Javier A2 Universidad Carlos III de Madrid. Departamento de Economía, AB This paper evaluates the European Paradox according to which Europe plays a leading worldrole in terms of scientific excellence, measured in terms of the number of publications, but lacksthe entrepreneurial capacity of the U.S. to transform this excellent performance into innovation,growth, and jobs. Citation distributions for the U.S., the European Union (EU), and the rest of theworld are evaluated using a pair of high- and low-impact indicators, as well as the mean citationrate. The dataset consists of 3.6 million articles published in 1998-2002 with a common five-yearcitation window. The analysis is carried at a low aggregation level: the 219 sub-fields identifiedwith the Web of Science categories distinguished by Thomson Scientific. The problems posed byinternational co-authorship and the multiple assignments of articles to sub-fields are solvedfollowing a multiplicative strategy. In the first place, we find that, although the EU has morepublications than the U.S. in 113 out of 219 sub-fields, the U.S. is ahead of the EU in 189 and 163sub-fields in terms of the high- and low-impact indicators. In the second place, we verify that usingthe high-impact indicator the U.S./EU gap is usually greater than when using the mean citationrate. SN 2340-5031 YR 2011 FD 2011-09 LK http://hdl.handle.net/10016/12195 UL http://hdl.handle.net/10016/12195 LA eng NO European Community's Seventh Framework Program NO The authors acknowledge financial support from the Santander Universities Global Division ofBanco Santander. Ruiz-Castillo also acknowledges financial help from the Spanish MEC throughgrant SEJ2007-67436 DS e-Archivo RD 30 abr. 2024