Working Paper: CEPR ID: DP2442
Authors: Pedro L. Marn; Georges Siotis; Roberto Hernn
Abstract: This paper empirically analyses the determinants of firm participation in Research Joint Ventures (RJVs). A review of the theoretical literature highlights the difficulty of identifying a set of testable hypotheses. Using a large database of European RJVs, we estimate two participation equations at the firm level using the logit procedure. We find that sectoral R&D intensity positively influences the probability of forming an RJV. The presence of technological spillovers has a positive effect on RJV formation, but this is restricted to R&D intensive industries. A minimum level of industry concentration is needed for RJVs to be formed. Last, firm size and past experience with research cooperation increases the likelihood of RJV formation.
Keywords: research joint ventures; spillovers; R&D
JEL Codes: C25; L13; O31
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| sectoral R&D intensity (O32) | probability of forming an RJV (C35) |
| technological spillovers (O33) | probability of forming an RJV (C35) |
| industry concentration (L69) | probability of forming an RJV (C35) |
| firm size (L25) | probability of forming an RJV (C35) |
| past experience with research cooperation (F55) | probability of forming an RJV (C35) |