For a better user experience please update your browser or use Chrome or Firefox browser.
Utilities
Publication detail
HomeNew insights on EU-US comparison of corporate R&D
Publication metadata
Policy-makers have become increasingly aware that corporate R&D and innovation are the main drivers of an economy's competitiveness and growth. The widespread adoption of R&D targets has led researchers and analysts to pursue a deeper understanding of corporate R&D investment trends, drivers and impacts. This paper focuses on the main differences between the EU and the US in corporate R&D performance, especially in the following three main aspects: (i) dynamics of the economic structures and the cause of the R&D intensity gap; (ii) R&D performance and company demographics and (iii) financial availability and corporate R&D investment. Based on the literature review, the paper concludes that (a) there have been more dynamic changes in the structure of the US economy than in the EU in the last two decades which in turn have favoured the growth in the US of higher R&D-intensity sectors to a larger extent than in the EU; (b) younger and smaller-sized US companies are more present - and show a higher capacity to grow - in high-R&D intensity sectors than similar companies in the EU; (c) financial markets, especially in the last decade, have hampered EU firms' R&D investment more than that of US firms. The paper concludes that policy measures to stimulate corporate R&D and innovation activities should be expressly conceived according to the typology of companies, sectors and countries.
- Published:
- Corporate author(s): Directorate-General for Research and Innovation (European Commission) , Institute for Prospective Technological Studies (Joint Research Centre)
- Themes: Research policy and organisation
- Subject: company structure , comparative analysis , competitiveness , European Union , financial market , innovation , research and development , research policy , research report , United States
|
PDF
|
|||
| ISSN 1831-872X | ISBN 978-92-79-15578-9 | DOI 10.2788/8395 | Catalogue number LB-NA-24325-EN-N |
- Released on EU publications website:
This publication is available for download in web format (PDF) and in print-quality format (PDF/X). For more information on how to print your own copy of EU publications, please refer to our FAQ section.
Document viewer
Note:
The publication cannot be displayed in the document viewer. Open web version
You may access it from: Download and languages