How do firms perceive policy rationales behind the variety of instruments supporting collaborative R&D? Lessons from the European Framework Programs

Laurent Bach, Mireille Matt () and Sandrine Wolff ()
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Laurent Bach: CNRS - Centre National de la Recherche Scientifique, BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique
Sandrine Wolff: CNRS - Centre National de la Recherche Scientifique, BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique

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Abstract: The main objective of the paper is to analyze to which extent participation in public programs supporting collaborative R&D meets the goals pursued by policy makers when setting up such instruments. Theoretically, these policy instruments are designed to overcome a set of failures (market and systemic failures) impeding the innovation process. We use as an example in the empirical part the European Framework Programs (FP) 5 and 6, which include a large and representative range of instruments. Each of these FP instruments is characterized according to the set of failures it is supposed to solve, its objectives and characteristics, and we discuss how these aspects are perceived and exploited by participating companies. Using data collected in the Innoimpact survey, involving thousands of FP5 and FP6 project participants, we compare the motivations of firms in choosing these instruments with our theoretical predictions. We find that the motivation to participate in a FP project does not differ greatly from one instrument to the other and the characteristics of the projects do not exhibit major differences. The paper concludes with some policy recommendations. (C) 2014 Elsevier Ltd. All rights reserved.

Keywords: Innovation failures; Technology policy; Policy instruments; Innovation strategy (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (9)

Published in Technovation, 2014, 34 (5-6), pp.327 - 337. ⟨10.1016/j.technovation.2014.02.008⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01594309

DOI: 10.1016/j.technovation.2014.02.008

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