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Measuring the economic impact of research joint ventures supported by the EU Framework Programme

  • Ascension Barajas

    ()

  • Elena Huergo

    ()

  • Lourdes Moreno

    ()

The objective of this paper is to analyse the effects of international R&D cooperation on firms’ economic performance. Our approach, based on a complete data set with information about Spanish participants in research joint ventures supported by the EU Framework Programme during the period 1995–2005, establishes a recursive model structure to capture the relationship between R&D cooperation, knowledge generation and economic results, which are measured by labour productivity. In the analysis we take into account that the participation in this specific type of cooperative projects implies a selection process that includes both the self-selection by participants to join the consortia and the selection of projects by the European Commission to award the public aid. Empirical analysis has confirmed that: (1) R&D cooperation has a positive impact on the technological capacity of firms, captured through intangible fixed assets and (2) the technological capacity of firms is positively related to their productivity. Copyright Springer Science+Business Media, LLC 2012

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Article provided by Springer in its journal The Journal of Technology Transfer.

Volume (Year): 37 (2012)
Issue (Month): 6 (December)
Pages: 917-942

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Handle: RePEc:kap:jtecht:v:37:y:2012:i:6:p:917-942
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  25. Birgit Aschhoff & Tobias Schmidt, 2008. "Empirical Evidence on the Success of R&D Cooperation—Happy Together?," Review of Industrial Organization, Springer, vol. 33(1), pages 41-62, August.
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