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European cooperative R&D and firm performance

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorAguiar, Luis
dc.contributor.authorGagnepain, Philippe
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned2012-03-07T16:41:24Z
dc.date.available2012-03-07T16:41:24Z
dc.date.issued2012-02
dc.description.abstractThe goal of this paper is to assess the impact on the performance of firms that participate in Research Joint Ventures (RJVs) funded by the Fifth European Framework Programme for Research and Technological Development (EU-FP5). A special emphasis is made on the User-friendly Information Society (IST) programme, one of the most important thematic programmes of the EU-FP5. We use the funding available to the firms as an instrumental variable to account for self-selection and estimate the Local Average Treatment Effect (LATE) of participation by considering labor productivity and profit margin as performance measures. Our results show a large and positive impact of participation on the labor productivity of the firms, whereas the effect on profit margin is weaker. When taking into account the size of the RJV, we find that the positive impact on labor productivity comes mainly from participation in large projects and that participation in smaller RJVs has a negative effect on the profit margin
dc.description.sponsorshipEuropean Community's Seventh Framework Program
dc.description.sponsorshipThis paper is produced as part of the CEPR project “SCience, Innovation, FIrms and markets in a GLObalized World (SCI-FI GLOW)” funded by the European Commission under its Seventh Framework Programme for Research (Collaborative Project) Contract no. 217436.en
dc.format.mimetypeapplication/pdf
dc.identifier.issn2340-5031
dc.identifier.repecwe1207
dc.identifier.urihttps://hdl.handle.net/10016/13749
dc.identifier.uxxiDT/0000000878
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working papers. Economics
dc.relation.ispartofseries12-07
dc.relation.projectIDinfo:eu-repo/grantAgreement/EC/FP7/217436
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomía
dc.subject.jelL24
dc.subject.jelL25
dc.subject.jelO31
dc.subject.jelO32
dc.subject.jelO38
dc.subject.otherResearch joint venture
dc.subject.otherR&D policy
dc.subject.otherProductivity
dc.subject.otherEU framework programme
dc.titleEuropean cooperative R&D and firm performance
dc.typeworking paper*
dc.type.hasVersionSMUR*
dspace.entity.typePublication
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