R&D Spillovers throught RJV Cooperation

Discussion Papers 1887, 17 S.

Albert Banal-Estañol, Tomaso Duso, Jo Seldeslachts, Florian Szücs

2020

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Abstract

We investigate the dimensions through which R&D spillovers are propagated across firms 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 findings are that the adverse effects of product market rivalry are mitigated if firms cooperate in RJVs and that R&D spending is reduced among technologically close RJV participants.

Jo Seldeslachts

Research Associate in the Firms and Markets Department

Tomaso Duso

Head of Department in the Firms and Markets Department



JEL-Classification: L24;L44;K21;O32
Keywords: Spillovers, R&D, research joint ventures, market value, patents