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Market Structure, Publicly and Privately Financed R&D Spending. Empirical Evidence for Denmark

Author

Listed:
  • Mogens Dilling-Hansen

    (University of Aarhus)

  • Tor Eriksson

    (Aarhus School of Business)

  • Erik Strøjer Madsen

    (Danish Institute for Studies in Research and Research Policy)

  • Valdemar Smith

    (Institute of Economics, University of Copenhagen)

Abstract

In this paper we analyse the determinants of R&D spending in Danish firms and firms and industries in the nineties. We also examine the complementarity and substitution between publicly and company financed spending taking into account the influence from market structure, barriers of entry, demand conditions and other economic factors of the market and the firm. The empirical models of R&D spending are estimated both on industry and on firm level data. This allows us to examine how the investment R&D -activities differ according to differences in the organisation of the firm, firm size and the debt burden of the firms.

Suggested Citation

  • Mogens Dilling-Hansen & Tor Eriksson & Erik Strøjer Madsen & Valdemar Smith, 1998. "Market Structure, Publicly and Privately Financed R&D Spending. Empirical Evidence for Denmark," CIE Discussion Papers 1998-20, University of Copenhagen. Department of Economics. Centre for Industrial Economics.
    • Handle: RePEc:kud:kuieci:1998-20
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    Citations

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    Cited by:

    1. Valdemar Smith & Mogens Dilling-Hansen & Tor Eriksson & Erik Strøjer Madsen, 2004. "R&D and productivity in Danish firms: some empirical evidence," Applied Economics, Taylor & Francis Journals, vol. 36(16), pages 1797-1806.
    2. Valdemar Smith & Erik Strøjer Madsen & Mogens Dilling-Hansen, 2002. "Do R&D Investments Affect Export Performance?," CIE Discussion Papers 2002-09, University of Copenhagen. Department of Economics. Centre for Industrial Economics.
    3. Valdemar Smith & Anni Lene Broberg & Jesper Overgaard, 2002. "Does Location Matter for Firms' R&D Behaviour? Empirical Evidence for Danish Firms," Regional Studies, Taylor & Francis Journals, vol. 36(8), pages 825-832.

    More about this item

    Keywords

    firm level R&D spending; R&D financing; market structure;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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