Resource title

Disentangling the R&D shortfall of the EU vis-á-vis the US

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Resource description

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.

Resource author

Hugo Erken, Frank van Es

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Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25681

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Adapt according to the presented license agreement and reference the original author.