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Title:Disentangling the R&D shortfall of the EU vis-á-vis the US PDF Logo
Authors:Erken, Hugo
van Es, Frank
Issue Date:2007
Series/Report no.:Jena economic research papers 2007,107
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.
Subjects:private R&D intensity
internationalization of R&D
economic structure
sector-composition effect
intrinsic effect
JEL:O32
O38
F23
R39
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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