Accounting for the Differences between Research and Development: Go another Round on R&D Determinants
The determinants of R&D are an important topic of industrial economics. The classical Schumpeterian hypotheses about the influence of size and market power have been complemented with the role played by industry determinants, such as demand pull, technological opportunity and appropriability, in determining R&D investments. However, R&D has always been considered as a whole, even though research and development are different activities with different purposes, knowledge bases, people and management styles. We take advantage of a new panel database of innovative Spanish firms (PITEC) to distinguish between research and development efforts of firms to analyze the role played by traditional R&D determinants in driving research and development, accounting for the differences between both activities. Results show that demand pull and appropriability have a higher effect on development, while technological opportunity is more influential for research. Differences are important in magnitude and robust to the use of different indicators for demand pull, technological opportunity and appropriability and to several robustness checks.
Ciudad Politécnica de la Innovación
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Universidad Politécnica de Valencia | Camino de Vera s/n
Andrés Barge Gil is currently an Assistant Professor at Universidad Complutense. He has got degrees in both Economics and Management and a PhD from the Interuniversity Doctorate in Economics and Management of Innovation and Technology Policy. His research outputs have been published in several international journals, such as: Research Policy, Industry and Innovation or Journal of Technology Transfer, among others. He has received the Young Award on Economics of Complutense Foundation in 2006 and the Award in Economics and Management of Innovation by UAM-Accenture Chair in 2009.