Measuring the economic impact of research joint ventures supported by the EU Framework Programme
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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.
KeywordsInternational R&D cooperation Framework Programme Impact assessment
JEL ClassificationsH81 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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