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An Empirical investigation of the determinants of R&D cooperation

Carboni, Oliviero Antonio (2009) An Empirical investigation of the determinants of R&D cooperation. Cagliari, CRENoS-CUEC. p. 24 (Working Papers CRENoS, 2009, 9). ISBN 978-88-8467-540-8. Working Paper.

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Abstract

This paper is a contribution to the empirical literature on R&D cooperation. It explores the variables that determine a firm's R&D collaborative expenditure by means of a sample of Italian firms. A tobit model, adjusted for heteroscedasticity and non-normality (Inverse Hyperbolic Sin transformation to the dependent variable), is used to deal with the large number of zero responses. Size, public grants and innovation are found to be effective in determining the level of cooperative R&D expenditure. Absorptive capacity, expressed by the in-house stable R&D effort, also plays an important role. This is in line with the idea that internal R&D is required if a firm is to take advantage of the outcomes of external R&D investment.

Item Type:Working Paper
ID Code:5642
Status:Published
Uncontrolled Keywords:Truncated and censored models, R&D cooperation, firm behaviour
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/01 Economia politica
Divisions:002 Altri enti e centri di ricerca del Nord Sardegna > CRENoS-Centro Ricerche Economiche Nord Sud, Università di Cagliari e Università di Sassari
001 Università di Sassari > 01 Dipartimenti > Economia, impresa, regolamentazione
Publisher:CRENoS-CUEC
Copyright Holders:© CUEC 2009
ISBN:978-88-8467-540-8
Publisher Policy:Depositato per gentile concessione del CRENoS e di CUEC
Deposited On:23 Feb 2011 12:21

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