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Does_Europe_perform_too_little_R&D_-_A_Comparison_of_EU_and_non-EU_corporate_R&D_performance.pdf (1.37 MB)

Does Europe perform too little corporate R&D? A comparison of EU and non-EU corporate R&D performance

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journal contribution
posted on 2023-06-23, 11:07 authored by P Moncada-Paterno-Castello, C Ciupagea, KH Smith, A Tubke, M Tubbs
This paper examines whether there are significant 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 three 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 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 the EU does, 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 sectoral R&D performance. These have complex policy implications that are discussed in the closing section. © 2010 Elsevier B.V. All rights reserved.

History

Publication title

Research Policy

Volume

39

Issue

4

Article number

4

Number

4

Pagination

523-536

ISSN

0048-7333

Department/School

TSBE

Publisher

Elsevier Science Bv

Publication status

  • Published

Rights statement

The definitive version is available at http://www.sciencedirect.com

Repository Status

  • Open

Socio-economic Objectives

150505 Industry policy

UN Sustainable Development Goals

9 Industry, Innovation and Infrastructure