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|Title:||Does Europe Perform Too Little Corporate R&D? A Comparison of EU and non-EU Corporate R&D Performance|
|Authors:||MONCADA PATERNO' CASTELLO PIETRO; CIUPAGEA Constantin; SMITH Keith; TUBBS Mike; TUEBKE ALEXANDER|
|Citation:||RESEARCH POLICY vol. 39 no. 4 p. 523-536|
|Publisher:||ELSEVIER SCIENCE BV|
|Type:||Articles in periodicals and books|
|Abstract:||This paper examines whether there are differences in private R&D investment performance between the EU and the US and, if so, why. The study is based on data from the 2008 EU Industrial R&D Investment Scoreboard. The investigation assesses the effects of several very distinct factors that can determine the relative size of the overall R&D intensities of the two economies: these are the influence of sector composition (structural effect) vis-à-vis the intensity of R&D in each sector (intrinsic effect) and the company demographics. The paper finds that the lower overall corporate R&D intensity for the EU is the result of sector specialisation (structural effect) - the US has a stronger sectoral specialisation in the high R&D intensity (especially ICT-related) sectors than does the EU, and also has a much larger population of R&D investing firms within these sectors. Since aggregate R&D indicators are so closely dependent on industrial structures, many of the debates and claims about differences in comparative R&D performance are in effect about industrial structure rather than sector R&D performance. These have complex policy implications that are discussed in the closing section.|
|JRC Institute:||Growth and Innovation|
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