Difference in the rates of return to R&D for European and US young leading R&D firms.

Professor. Michele Cincera, Solvay Brussels School of Economics and Management, Université Libre de Bruxelles (ULB)

This paper examines the sources of Europe’s lagging business R&D performance relative to the US, particularly the role played by missing young leading innovators in high technology intensive sectors in Europe. It investigates through econometric analysis differences in the rates
of return to R&D of European and US large R&D firms. It finds lower rates of return for young leading innovators in high technology intensive sectors in Europe compared to their US counterparts. These lower rates of return can at least partly explain why Europe has less young leading innovations in high technology intensive sectors.

About the speaker
Prof. Cincera is currently a director of the International Centre for Innovation, Technology and Education Studies (iCite)- Solvay Brussels School of Economics and Management, Université Libre de Bruxelles. His interest embraces the quantitative assessment at the micro-level of innovative and entrepreneurial activities, their determinants and their socio-economic impacts, the analysis of National Innovation Systems, and the development of new S&T indicators. His current research focuses on scientific research with a particular emphasis on the economic outcomes of these activities and on assessing the efficiency of public policy measures to support them.

Venue: Conference Room

Date: 05 December 2013

Time: 12:30 - 13:30


UNU-MERIT