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

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  • Ascension Barajas

    ()

  • Elena Huergo

    ()

  • Lourdes Moreno

    ()

Abstract

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

Suggested Citation

  • Ascension Barajas & Elena Huergo & Lourdes Moreno, 2012. "Measuring the economic impact of research joint ventures supported by the EU Framework Programme," The Journal of Technology Transfer, Springer, vol. 37(6), pages 917-942, December.
  • Handle: RePEc:kap:jtecht:v:37:y:2012:i:6:p:917-942
    DOI: 10.1007/s10961-011-9222-y
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Matthias Deschryvere, 2014. "R&D, firm growth and the role of innovation persistence: an analysis of Finnish SMEs and large firms," Small Business Economics, Springer, vol. 43(4), pages 767-785, December.
    2. Bruhn, Miriam & McKenzie, David J., 2017. "Can grants to consortia spur innovation and science-industry collaboration? Regression-discontinuity evidence from Poland," CEPR Discussion Papers 11765, C.E.P.R. Discussion Papers.
    3. Luis Aguiar & Philippe Gagnepain, 2011. "European Cooperative R&D And Firm Performance," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00622969, HAL.
    4. Pietro Moncada-Paternò-Castello & Peter Voigt, 2010. "Proceedings of CONCORD 2010: 2nd European Conference on Corporate R&D "An Engine for Growth, a Challenge for European Policy". Academic Forum - Summary Report," JRC Working Papers JRC60863, Joint Research Centre (Seville site).
    5. Annalisa Croce & Luca Grilli & Samuele Murtinu, 2014. "Venture capital enters academia: an analysis of university-managed funds," The Journal of Technology Transfer, Springer, vol. 39(5), pages 688-715, October.
    6. Segarra Blasco, Agustí, 1958- & Teruel, Mercedes & Bové Sans, Miquel Àngel, 2014. "A territorial approach to R&D subsidies: Empirical evidence for Catalonian firms," Working Papers 2072/242275, Universitat Rovira i Virgili, Department of Economics.
    7. Aguiar Wicht, Luis & Gagnepain, Philippe, 2013. "European Cooperative R&D and Firm Performance: Evidence Based on Funding Differences in Key Actions," CEPR Discussion Papers 9426, C.E.P.R. Discussion Papers.
    8. Michele Cincera & Gilles Eric Fombasso Toyem, 2018. "The impact of EUREKA projects on the economic performance of R&D SMEs," iCite Working Papers 2018-027, ULB -- Universite Libre de Bruxelles.
    9. Sara Amoroso & Alex Coad & Nicola Grassano, 2017. "European R&D networks: A snapshot from the 7th EU Framework Programme," JRC Working Papers on Corporate R&D and Innovation 2017-05, Joint Research Centre (Seville site).
    10. Aimilia Protogerou & Yannis Caloghirou & Evangelos Siokas, 2013. "Twenty-five years of science-industry collaboration: the emergence and evolution of policy-driven research networks across Europe," The Journal of Technology Transfer, Springer, vol. 38(6), pages 873-895, December.
    11. repec:eee:tefoso:v:120:y:2017:i:c:p:284-297 is not listed on IDEAS
    12. Barajas, A. & Huergo, E. & Moreno, L., 2012. "The Impact of International Research Joint Ventures on SMEs Performance," MPRA Paper 36306, University Library of Munich, Germany.
    13. Luis Aguiar & Philippe Gagnepain, 2011. "European Cooperative R&D And Firm Performance," Working Papers hal-00622969, HAL.
    14. Mafini Dosso & Antonio Vezzani, 2017. "Firm market valuation and intellectual property assets," JRC Working Papers on Corporate R&D and Innovation 2017-07, Joint Research Centre (Seville site).
    15. Sara Amoroso & Alex Coad & Nicola Grassano, 2017. "European R&D networks: A snapshot from the 7th EU Framework Programme," JRC Working Papers on Corporate R&D and Innovation JRC107546, Joint Research Centre (Seville site).
    16. Rosa Caiazza & Aileen Richardson & David Audretsch, 2015. "Knowledge effects on competitiveness: from firms to regional advantage," The Journal of Technology Transfer, Springer, vol. 40(6), pages 899-909, December.
    17. Müller, Aranja & Zaby, Alexandra, 2015. "Research Joint Ventures and Technological Proximity," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112989, Verein für Socialpolitik / German Economic Association.
    18. Daniel Nepelski & Giuseppe Piroli, 2016. "Potential and partnerships in innovations in EU-funded research projects," EERI Research Paper Series EERI RP 2016/01, Economics and Econometrics Research Institute (EERI), Brussels.

    More about this item

    Keywords

    International R&D cooperation; Framework Programme; Impact assessment; H81; L2; O3;

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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