Market Structure, Publicly and Privately Financed R&D Spending. Empirical Evidence for Denmark

Mogens Dilling-Hansen, Tor Eriksson (), Erik Strøjer Madsen and Valdemar Smith ()
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Mogens Dilling-Hansen: University of Aarhus
Erik Strøjer Madsen: Danish Institute for Studies in Research and Research Policy

No 1998-20, CIE Discussion Papers from University of Copenhagen. Department of Economics. Centre for Industrial Economics

Abstract: In this paper we analyse the determinants of R&D spending in Danish firms and firms and industries in the nineties. We also examine the complementarity and substitution between publicly and company financed spending taking into account the influence from market structure, barriers of entry, demand conditions and other economic factors of the market and the firm. The empirical models of R&D spending are estimated both on industry and on firm level data. This allows us to examine how the investment R&D -activities differ according to differences in the organisation of the firm, firm size and the debt burden of the firms.

Keywords: firm level R&D spending; R&D financing; market structure (search for similar items in EconPapers)
JEL-codes: L13 O33 O38 (search for similar items in EconPapers)
Date: 1998-11
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