European cooperative R&D and firm performance

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dc.contributor.author Aguiar, Luis
dc.contributor.author Gagnepain, Philippe
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned 2012-03-07T16:41:24Z
dc.date.available 2012-03-07T16:41:24Z
dc.date.issued 2012-02
dc.identifier.issn 2340-5031
dc.identifier.uri http://hdl.handle.net/10016/13749
dc.description.abstract The 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.sponsorship European Community's Seventh Framework Program
dc.description.sponsorship This 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.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries UC3M Working papers. Economics
dc.relation.ispartofseries 12-07
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Research joint venture
dc.subject.other R&D policy
dc.subject.other Productivity
dc.subject.other EU framework programme
dc.title European cooperative R&D and firm performance
dc.type workingPaper
dc.subject.jel L24
dc.subject.jel L25
dc.subject.jel O31
dc.subject.jel O32
dc.subject.jel O38
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
dc.relation.projectID info:eu-repo/grantAgreement/EC/FP7/217436
dc.type.version submittedVersion
dc.identifier.uxxi DT/0000000878
dc.identifier.repec we1207
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