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

Author

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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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    More about this item

    Keywords

    International R&D cooperation; Framework Programme; Impact assessment; H81; L2; O3;
    All these keywords.

    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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