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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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  17. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
  18. Dekker, Ronald & kleinknecht, A.H., 2008. "The EU Framework Programs: Are they worth doing?," MPRA Paper 8503, University Library of Munich, Germany.
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  25. Laura Abramovsky & Elisabeth Kremp & Alberto López & Tobias Schmidt & Helen Simpson, 2005. "Understanding co-operative R&D activity: evidence from four European countries," IFS Working Papers W05/23, Institute for Fiscal Studies.
  26. Ascension Barajas & Elena Huergo, 2010. "International R&D cooperation within the EU Framework Programme: empirical evidence for Spanish firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 19(1), pages 87-111.
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