Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202112
Authors: 
Moncada-Paternò-Castello, Pietro
Ciupagea, Constantin
Smith, Keith
Tübke, Alexander
Tubbs, Mike
Year of Publication: 
2009
Series/Report no.: 
IPTS Working Papers on Corporate R&D and Innovation No. 11/2009
Publisher: 
European Commission, Joint Research Centre (JRC), Seville
Abstract: 
This paper examines whether there are differences in private R&D investment performance between the EU and the US and, if so, why. The study is based on data from the 2008 EU Industrial R&D Investment Scoreboard. The investigation assesses the effects of several very distinct factors that can determine the relative size of the overall R&D intensities of the two economies: these are the influence of sector composition (structural effect) vis-à-vis the intensity of R&D in each sector (intrinsic effect) and the company demographics. The paper finds that the lower overall corporate R&D intensity for the EU is the result of sector specialisation (structural effect) - the US has a stronger sectoral specialisation in the high R&D intensity (especially ICT-related) sectors than does the EU, and also has a much larger population of R&D investing firms within these sectors. Since aggregate R&D indicators are so closely dependent on industrial structures, many of the debates and claims about differences in comparative R&D performance are in effect about industrial structure rather than sector R&D performance. These have complex policy implications that are discussed in the closing section.
Subjects: 
Research and Development intensity
EU-US R&D gap
size of firms
JEL: 
O33
Document Type: 
Working Paper

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