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http://hdl.handle.net/10419/25681
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| Title: | | Disentangling the R&D shortfall of the EU vis-á-vis the US  |
| 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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