Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202173
Authors: 
Coad, Alexander
Year of Publication: 
2017
Series/Report no.: 
JRC Working Papers on Corporate R&D and Innovation No. 04/2017
Abstract: 
Do firms in the same sector converge towards the same R&D intensities? Previous research has often assumed this to be true. A closer examination, using microdata from the EU Industrial R&D Investment Scoreboard for the years 2000-2015, shows a large amount of heterogeneity in R&D intensities among firms in the same sector, and that this heterogeneity persists over time. Statistical tests of convergence show that the variation in R&D intensities does not decrease over time (i.e. no ?-convergence), although firms with an R&D intensity below the industry average do seem to catch up with the leaders (i.e. evidence of ?-convergence). Overall, firms in the same industry do not converge to a common R&D intensity. Policy implications are discussed.
Subjects: 
R&D investment
R&D intensity
convergence
benchmarking
JEL: 
O3
L2
Document Type: 
Working Paper

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