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

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Author Info

  • 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.

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Bibliographic Info

Paper provided by University of Copenhagen. Department of Economics. Centre for Industrial Economics in its series CIE Discussion Papers with number 1998-20.

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Length: 25 pages
Date of creation: Nov 1998
Date of revision:
Handle: RePEc:kud:kuieci:1998-20

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Phone: (0045) 35 32 30 54
Fax: +45 35 32 30 00
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Web page: http://www.econ.ku.dk/cie/
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Related research

Keywords: firm level R&D spending; R&D financing; market structure;

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Cited by:
  1. 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.
  2. Valdemar Smith & Mogens Dilling-Hansen & Tor Eriksson & Erik Str�jer Madsen, 2004. "R&D and productivity in Danish firms: some empirical evidence," Applied Economics, Taylor & Francis Journals, vol. 36(16), pages 1797-1806.
  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.

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