English, Article, Journal or magazine article edition: Disentangling the R+D shortfall of the EU vis-a-vis the US Hugo Erken; Frank van Es

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Disentangling the R+D shortfall of the EU vis-a-vis the US
Author
  • Hugo Erken
  • Frank van Es
Physical Description
  • preprint
Notes
  • This paper investigates the causes of the shortfall in private R+D expenditure of the EU compared to the US. It shows that differences in the structure of the two economies play only a minor role in explaining the R+D gap. Instead, the European R+D shortfall is mainly caused by a negative intrinsic effect, meaning that companies within European industries spend less on R+D than their US peers in the same sectors. In addition, this negative intrinsic effect is mainly due to institutional differences between the US and the EU15. Government funding of R+D and the internationalization of R+D provide significant explanation as well.
  • private R+D intensity, internationalization of R+D, economic structure, sector-composition effect, intrinsic effect
  • RePEc:jrp:jrpwrp:2007-107
Language
  • English
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