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Disentangling the R+D shortfall of the EU vis-a-vis the US

Author

Listed:
  • Hugo Erken

    () (Ministry of Economic Affairs and Erasmus University)

  • Frank van Es

    (CPB Netherlands Bureau for Economics Policy Analysis)

Abstract

This paper investigates the causes of the shortfall in private R+D expenditure of the EU compared to the US. It shows that differences in the structure of the two economies play only a minor role in explaining the R+D gap. Instead, the European R+D shortfall is mainly caused by a negative intrinsic effect, meaning that companies within European industries spend less on R+D than their US peers in the same sectors. In addition, this negative intrinsic effect is mainly due to institutional differences between the US and the EU15. Government funding of R+D and the internationalization of R+D provide significant explanation as well.

Suggested Citation

  • Hugo Erken & Frank van Es, 2007. "Disentangling the R+D shortfall of the EU vis-a-vis the US," Jena Economic Research Papers 2007-107, Friedrich-Schiller-University Jena.
  • Handle: RePEc:jrp:jrpwrp:2007-107
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    File URL: http://zs.thulb.uni-jena.de/receive/jportal_jparticle_00084363
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    Cited by:

    1. Philip McCann & Ortega Ortega-Argilés, 2014. "The Role of the Smart Specialisation Agenda in a Reformed EU Cohesion Policy," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(1), pages 15-32.
    2. Raquel Ortega-Argilés & Mariacristina Piva & Lesley Potters & Marco Vivarelli, 2010. "Is Corporate R&D Investment In High-Tech Sectors More Effective?," Contemporary Economic Policy, Western Economic Association International, vol. 28(3), pages 353-365, July.

    More about this item

    Keywords

    private R+D intensity; internationalization of R+D; economic structure; sector-composition effect; intrinsic effect;

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • R39 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other

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