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Does Europe perform too little corporate R&D? A comparison of EU and non-EU corporate R&D performance

Citation

Moncada-Paterno-Castello, P and Ciupagea, C and Smith, KH and Tubke, A and Tubbs, M, Does Europe perform too little corporate R&D? A comparison of EU and non-EU corporate R&D performance, Research Policy: A Journal Devoted to Research Policy, Research Management and Planning, 39, (4) pp. 523-536. ISSN 0048-7333 (2010) [Refereed Article]

DOI: doi:10.1016/j.respol.2010.02.012

Abstract

This paper examines whether there are significant 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 three 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 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 the EU does, 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 sectoral R&D performance. These have complex policy implications that are discussed in the closing section. © 2010 Elsevier B.V. All rights reserved.

Item Details

Item Type:Refereed Article
Keywords:R&D performance, EU
Research Division:Economics
Research Group:Applied Economics
Research Field:Economic Development and Growth
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Industry Policy
Author:Smith, KH (Professor Keith Smith)
ID Code:67492
Year Published:2010
Web of Science® Times Cited:17
Deposited By:Australian Innovation Research Centre
Deposited On:2011-03-04
Last Modified:2012-03-06
Downloads:0

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