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Title: R&D Spillovers through RJV Cooperation

Author(s): Albert Banal-Estanol, Tomaso Duso, Jo Seldeslachts and Florian Szcs

Publication Date: August 2020

Keyword(s): Market value, patents, R&D, Research Joint Ventures and Spillovers

Programme Area(s): Industrial Organization

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

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Bibliographic Reference

Banal-Estanol, A, Duso, T, Seldeslachts, J and Szcs, F. 2020. 'R&D Spillovers through RJV Cooperation'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=15155