FEEM working papers "Note di lavoro" series
2000 .013

Research Joint Ventures and Firm Level Performance


Authors: Luigi Benfratello, Alessandro Sembenelli
Series: Economy and Society
Editor: Gianmarco I.P. Ottaviano
Type: Journal
Keywords: Research Joint Ventures,European Union,economic performance
JEL n.: O31,O38
JEL: Research Policy
Pages: Vol. 31/4, pp. 493-507
Date: 2002

Abstract

In this paper we test whether participation in EU sponsored Research Joint Ventures (RJVs) has a positive impact on participating firms' performance. We apply our statistical methodology to RJVs sponsored under two different programmes: EUREKA and (3rd and 4th) Programme Frameworks for Science and Technology (PFST). Overall results show a positive association between participation, labour and total factor productivity, and price cost margin only in the case of EUREKA. On the contrary, firms participating FPST RJVs do not show any clear pattern.
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