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Measuring the economic impact of research joint ventures supported by the EU Framework Programme

Ascension Barajas (), Elena Huergo () and Lourdes Moreno ()

The Journal of Technology Transfer, 2012, vol. 37, issue 6, 917-942

Abstract: The objective of this paper is to analyse the effects of international R&D cooperation on firms’ economic performance. Our approach, based on a complete data set with information about Spanish participants in research joint ventures supported by the EU Framework Programme during the period 1995–2005, establishes a recursive model structure to capture the relationship between R&D cooperation, knowledge generation and economic results, which are measured by labour productivity. In the analysis we take into account that the participation in this specific type of cooperative projects implies a selection process that includes both the self-selection by participants to join the consortia and the selection of projects by the European Commission to award the public aid. Empirical analysis has confirmed that: (1) R&D cooperation has a positive impact on the technological capacity of firms, captured through intangible fixed assets and (2) the technological capacity of firms is positively related to their productivity. Copyright Springer Science+Business Media, LLC 2012

Keywords: International R&D cooperation; Framework Programme; Impact assessment; H81; L2; O3 (search for similar items in EconPapers)
Date: 2012
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Working Paper: Measuring the impact of international R&D cooperation: the case of Spanish firms participating in the EU Framework Programme (2009) Downloads
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