Exploring Europe's R&D deficit relative to the US: Differences in the rates of return to R&D of young leading R&D firms

Michele Cincera and Reinhilde Veugelers

No 2013 - 001, Working Papers TIMES² from ULB -- Universite Libre de Bruxelles

Abstract: This paper examines the sources of the EU’s lagging business R&D performance relative to the US, particularly the contribution of missing young leading innovators in high technology intensive sectors in Europe. It investigates through econometric analysis whether the lower presence in the EU of young leading innovators and in high-tech sectors is due to lower rates of return to R&D as compared to their US counterparts. The analysis indeed finds such lower rates of return.

Keywords: age of firms; rate of return to R&D; EU-US R&D gap (search for similar items in EconPapers)
Pages: 21 p.
Date: 2013-02-01
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Citations: View citations in EconPapers (1)

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