@techreport{Erken2007Disentangling,
abstract = {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.},
address = {Jena},
author = {Hugo Erken and Frank van Es},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {O32; O38; F23; R39; private R&D intensity; internationalization of R&D; economic structure; sector-composition effect; intrinsic effect; Industrielle Forschung; Forschungskosten; Vergleich; Wirtschaftsstruktur; Forschungs- und Technologiepolitik; Globalisierung; EU-Staaten; USA},
language = {eng},
number = {2007,107},
publisher = {Universit\"{a}t Jena und Max-Planck-Institut f\"{u}r \"{O}konomik},
title = {Disentangling the R&D shortfall of the EU vis-\'{a}-vis the US},
type = {Jena economic research papers},
url = {http://hdl.handle.net/10419/25681},
year = {2007}
}
