English, Article, Journal or magazine article edition: EU-US differences in the size of R&D intensive firms: Do they explain the overall R&D intensity gap? Raquel Ortega-Argiles; Andries Brandsma

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Bookmark: http://trove.nla.gov.au/version/733
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • EU-US differences in the size of R&​D intensive firms: Do they explain the overall R&​D intensity gap?
Author
  • Raquel Ortega-Argiles
  • Andries Brandsma
Physical Description
  • preprint
Notes
  • The average firm size of the top R&​D investors among US-based companies is smaller than that of the EU-based firms. Does this help to explain why the US has a greater R&​D intensity, or is the higher firm size in the EU, just as its lower R&​D intensity, determined by the sectors in which the top R&​D investors are operating? Using data on the top-R&​D investors from the 2006 EU Industrial R&​D Investment Scoreboard, the size differential between R&​D performers in the EU and US is more closely examined. A first observation is that, despite great differences between sectors, the overall distribution of companies' R&​D investments in both economies is remarkably similar, as opposed to the distribution of the R&​D/​sales ratios of the same two sets of companies. The notion that size plays a role, independent of the sectoral composition of R&​D, is then confirmed by regression analysis. In the US as well as in the EU, smaller sized Scoreboard companies tend to spend a larger proportion of their income from sales on R&​D.
  • R&​D intensity, firm size, panel data
  • RePEc:jrp:jrpwrp:2008-049
Language
  • English
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