r&d

Firm Strategies in R&D: Cooperation and Participation in R&D Program

The paper presents empirical evidence on firms’ decisions to cooperate in R&D and the extent to which government sponsored R&D programs increase cooperation. Using a sample of firms from the Spanish innovation survey, the authors jointly estimate the determinants of firm participation in R&D programs and of choice of cooperation partners.

R&D and Price Elasticity of Demand

The paper explores the relationship between the price elasticity of demand and the research and development (R&D) intensity of the product. The authors introduce the concept of R&D intensity into a standard Dixit-Stiglitz/Krugman-type setting, and R&D activity is treated as a fixed cost of production. Within this framework, sectors with a higher R&D intensity show a lower price elasticity of demand.

Model of R&D Tax Incentives

The paper examines research and development (R&D) tax incentives in oligopolistic markets. The author sets up a simple game-theoretical model to identify the conditions under which the tax incentives serve as a tool to reach the socially desirable level of firm-financed R&D spending.

Dynamics of International R&D Spillovers

The authors empirically examine reports of positive and equivalent research and development (R&D) spillovers across groups of countries by extending both the time span and the coverage of R&D activities in the data set. Findings indicate that the elasticity of total factor productivity with respect to domestic and foreign R&D stocks is extremely heterogeneous across countries and that data cannot be pooled.

Restructuring Of Japanese Research And Development: The Increasing Impact Of Science On Japanese R&D

Using an original panel data set comprised of over 300 leading Japanese R&D-performing firms, the authors seek to measure changes in the connection between science and Japanese industrial technology by using data on the citations to scientific articles appearing in the U.S. patents of these firms.

Does the Market Value R&D Investment by European Firms? Evidence from a Panel of Manufacturing Firms in France, Germany, and Italy

The authors use a newly constructed panel dataset of firms that are publicly traded in France, Germany, and Italy. They find that the relative shadow value of research and development (R&D) in France and Germany is remarkably similar both to each other and to that in the U.S. or the United Kingdom. During the same period In contrast, R&D in publicly traded Italian firms is not valued by financial markets on average.