Rates of Return to R&D — Differences for European and US Firms

Event
  • DATE / TIME :
    2013•12•05    12:30 - 13:30
    Location :
    Maastricht

    Joint UNU-MERIT/Maastricht Graduate School of Governance Seminar: “Difference in the Rates of Return to R&D for European and US Young Leading R&D Firms”

    In this seminar, Prof. Michele Cincera (Université Libre de Bruxelles) will discuss the sources of Europe’s lagging business R&D performance relative to the US, and particularly the role played by missing young leading innovators in high-technology-intensive sectors in Europe.

    Econometric analysis of differences in the rates of return to R&D of European and US large R&D firms 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 fewer young leading innovations in high-technology-intensive sectors.

    For more information, see the Calendar of upcoming events on the UNU-MERIT website.

    About the speaker

    Prof. Michele Cincera is a director of the International Centre for Innovation, Technology and Education Studies, Solvay Brussels School of Economics and Management, Université Libre de Bruxelles. His current research focuses on the economic outcomes of innovative and entrepreneurial activities and the efficiency of public policy measures to support them.