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.

Vital Assets:
Federal Investment
in Research and
Development at the
Nation’s Universities
and Colleges

The report from the RAND Corporation assesses the federal government’s investment in the research and development (R&D) being conducted at the nation’s universities and colleges. According to the report, R&D has grown considerably in recent
years and represents a pivotal part of the U.S. innovation system.

R&D Investments With Competitive Interactions

The report from the National Bureau of Economic Research develops a model to analyze patent-protected research and development (R&D) investment projects when there is competition in the development and marketing of the resulting product. Implementation of the model shows that competition in R&D not only increases production and reduces prices, but also shortens the time of developing the product and increases the probability of successful development.

Are R&D Subsidies a Substitute Or a Complement to Privately Funded R&D? Evidence from France Using Propensity Score Methods for Non-
Experimental Data

The study examines the effect of research and development (R&D) subsidies on the private funding of R&D in France. The author addresses this issue from the annual R&D survey over 1985-1997, which provides information about the R&D subsidies given by all the ministries to the firms having at least one full-time person working on R&D.