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R&D Spillovers through RJV Cooperation

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  • Duso, Tomaso
  • Banal-Estanol, Albert

Abstract

We investigate the dimensions through which R&D spillovers are propagated across ï¬ rms via cooperation through Research Joint Ventures (RJVs). We build on the framework developed by Bloom et al. (2013) which considers the opposing effects of technology spillovers and product market rivalry, and extend it to account for RJVs. Our main ï¬ ndings are that the adverse effects of product market rivalry are mitigated if ï¬ rms cooperate in RJVs and that R&D spending is reduced among technologically close RJV participants.

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  • Duso, Tomaso & Banal-Estanol, Albert, 2020. "R&D Spillovers through RJV Cooperation," CEPR Discussion Papers 15155, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:15155
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    Cited by:

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    2. Huseyin Emre Sayici & Mehmet Fatih Ulu, 2023. "Economic Effects of R&D Supports," Koç University-TUSIAD Economic Research Forum Working Papers 2308, Koc University-TUSIAD Economic Research Forum.
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    4. Becker, Bettina & Roper, Stephen & Vanino, Enrico, 2023. "Assessing innovation spillovers from publicly funded R&D and innovation support: Evidence from the UK," Technovation, Elsevier, vol. 128(C).
    5. Foreman-Peck, James & Zhou, Peng, 2023. "Specialisation precedes diversification: R&D productivity effects," Research Policy, Elsevier, vol. 52(7).

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    More about this item

    Keywords

    Spillovers; R&d; Research joint ventures; Market value; Patents;
    All these keywords.

    JEL classification:

    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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