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Measuring the economic impact of Research Joint Ventures supported by the EU Framework Programme

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Barajas, Ascensión and Huergo, Elena and Moreno Martín, Lourdes (2012) Measuring the economic impact of Research Joint Ventures supported by the EU Framework Programme. Journal of Technology Transfer, 37 . pp. 917-942. ISSN 0892-9912

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Official URL: http://link.springer.com/journal/10961


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http://eprints.ucm.es/9832/UNSPECIFIED


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 co-operation has a positive impact on the technological capacity of firms, captured through intan-gible fixed assets and (2) the technological capacity of firms is positively related to their productivity.


Item Type:Article
Additional Information:

Una versión previa de este trabajo está publicada como documento de trabajo (e-print) de la UCM con número 9832

Uncontrolled Keywords:International R&D cooperation, Framework Programme, impact assessment
Subjects:Social sciences > Economics > Public economy
Social sciences > Economics > Business enterprises
Social sciences > Economics > Industrial organization
JEL:H81, L2, O3
ID Code:39084
Deposited On:13 Sep 2016 09:03
Last Modified:13 Sep 2016 09:03

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