An Empirical investigation of the Determinants of R&D Cooperation

Oliviero Carboni

Working Paper CRENoS from Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia

Abstract: This paper is a contribution to the empirical literature on R&D cooperation. It explores the variables that determine a firm s R&D collaborative expenditure by means of a sample of Italian firms. A tobit model, adjusted for heteroscedasticity and non-normality (Inverse Hyperbolic Sin transformation to the dependent variable), is used to deal with the large number of zero responses. Size, public grants and innovation are found to be effective in determining the level of cooperative R&D expenditure. Absorptive capacity, expressed by the in-house stable R&D effort, also plays an important role. This is in line with the idea that internal R&D is required if a firm is to take advantage of the outcomes of external R&D investment.

Keywords: truncated and censored models; r&d cooperation; firm behaviour (search for similar items in EconPapers)
JEL-codes: C24 D21 O31 O32 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-cse, nep-ino, nep-knm, nep-ore and nep-sbm
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Citations: View citations in EconPapers (1)

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https://crenos.unica.it/crenos/sites/default/files/WP_09-09.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:cns:cnscwp:200909

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