- A-Z
- Jena Economic Resea...
- Volume 1
- Disentangling the R...
- Autor(in)
- Erschienen
- 20. Dezember 2007
- Nummer des Discussion-Papers
-
2007-107
- Schlagwort(e)
-
economic structure
internationalization of R&D
intrinsic effect
private R&D intensity
sector-composition effect
- Zusammenfsg.
-
This paper investigates the causes of the shortfall in private R&D expenditure of the EU compared to the US. It shows that differences in the structure of the two economies play only a minor role in explaining the R&D gap. Instead, the European R&D shortfall is mainly caused by a negative intrinsic effect, meaning that companies within European industries spend less on R&D than their US peers in the same sectors. In addition, this negative intrinsic effect is mainly due to institutional differences between the US and the EU15. Government funding of R&D and the internationalization of R&D provide significant explanation as well.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- economics
- JEL-Classification for JER
- O32 - Management of Technological Innovation and R&D ; O38 - Government Policy ; F23 - Multinational Firms; International Business ; R39 - Other