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Does Europe perform too little corporate R&D? A comparison of EU and non-EU corporate R&D performance

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Author Info

  • Moncada-Paternò-Castello, Pietro
  • Ciupagea, Constantin
  • Smith, Keith
  • Tübke, Alexander
  • Tubbs, Mike

Abstract

This paper examines whether there are significant differences in private R&D investment performance between the EU and the US and, if so, why. The study is based on data from the 2008 EU Industrial R&D Investment Scoreboard. The investigation assesses the effects of three very distinct factors that can determine the relative size of the overall R&D intensities of the two economies: these are the influence of sector composition (structural effect) vis-à-vis the intensity of R&D in each sector (intrinsic effect) and company demographics. The paper finds that the lower overall corporate R&D intensity for the EU is the result of sector specialisation (structural effect) - the US has a stronger sectoral specialisation in the high R&D intensity (especially ICT-related) sectors than the EU does, and also has a much larger population of R&D investing firms within these sectors. Since aggregate R&D indicators are so closely dependent on industrial structures, many of the debates and claims about differences in comparative R&D performance are in effect about industrial structure rather than sectoral R&D performance. These have complex policy implications that are discussed in the closing section.

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Bibliographic Info

Article provided by Elsevier in its journal Research Policy.

Volume (Year): 39 (2010)
Issue (Month): 4 (May)
Pages: 523-536

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Handle: RePEc:eee:respol:v:39:y:2010:i:4:p:523-536

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Web page: http://www.elsevier.com/locate/respol

Related research

Keywords: Corporate R&D investment R&D indicators Decomposition of R&D intensity Firms' demographics EU R&D deficit;

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Cited by:
  1. Barge-Gil, Andrés & López, Alberto, 2011. "R versus D: Estimating the differentiated effect of research and development on innovation results," MPRA Paper 29091, University Library of Munich, Germany.
  2. d'Artis Kancs & Boriss Siliverstovs, 2012. "R&D and Non-linear Productivity Growth of Heterogeneous Firms," LICOS Discussion Papers 32112, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
  3. Pietro Moncada-Paterno-Castello, 2011. "Companies' growth in the EU: What is research and innovation policy's role?," JRC-IPTS Working Papers on Corporate R&D and Innovation 2011-03, Institute of Prospective Technological Studies, Joint Research Centre.
  4. Coad, Alex & Segarra Blasco, Agustí, 1958- & Teruel, Mercedes, 2013. "Innovation and firm growth: Does firm age play a role?," Working Papers 2072/211886, Universitat Rovira i Virgili, Department of Economics.
  5. Pietro Moncada-Paterno-Castello & Peter Voigt & Marco Vivarelli, 2011. "Evolution of Globalised business R&D: Features, drivers, impacts," JRC-IPTS Working Papers on Corporate R&D and Innovation 2011-02, Institute of Prospective Technological Studies, Joint Research Centre.
  6. Gheorghe ZAMAN & Zizi Goschin, 2012. "Industrial R&D Investment In Eu: Recent Trends And Lessons For Romania," Romanian Journal of Economics, Institute of National Economy, vol. 34(1(43)), pages 68-83, June.

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