The Journal of Technology Transfer

, Volume 37, Issue 6, pp 917–942 | Cite as

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

  • Ascension Barajas
  • Elena Huergo
  • Lourdes Moreno


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.


International R&D cooperation Framework Programme Impact assessment 

JEL Classifications

H81 L2 O3 



The authors thank Isabel Busom, Luis Corchón, Pierre Mohnen and the audiences at the ASIGO Conference (Nuremberg), the 36th Conference of the EARIE (Ljubljana), the CONCORD 2010 (Sevilla), the seminar at the Departament d’Economia Aplicada of the Universitat Autònoma de Barcelona and the seminar of the CSIC Institute of Public Goods and Policies for their helpful comments. All errors are ours. This research has been partially funded by the CICYT projects SEJ2007-65520/ECON and ECO2010-18947/ECON. Elena Huergo and Lourdes Moreno also acknowledge financial support from CDTI to develop this research.


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Copyright information

© Springer Science+Business Media, LLC 2011

Authors and Affiliations

  • Ascension Barajas
    • 1
    • 3
  • Elena Huergo
    • 2
  • Lourdes Moreno
    • 2
    • 4
  1. 1.Department of Impact AnalysisCDTIMadridSpain
  2. 2.GRIPICO, Department of Economic AnalysisUniversidad Complutense de MadridMadridSpain
  3. 3.Dpto. de Estudios y CalidadCDTI (Centre for the Development of Industrial Technology)MadridSpain
  4. 4.GRIPICO (Group for Research in Productivity, Innovation and Competition), Dpto. Fundamentos del Análisis Económico I, Facultad de CC. Económicas y EmpresarialesUniversidad Complutense de MadridMadridSpain

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