Ebbe Krogh Graversen () and Michael Mark ()
Ebbe Krogh Graversen: Analyseinstitut for Forskning, Postal: Nordre Ringgade 1, 8000 Aarhus
Michael Mark: Analyseinstitut for Forskning, Postal: Nordre Ringgade 1, 8000 Aarhus
Abstract: It is commonly accepted in the literature, that R&D increases welfare, and that R&D cooperation decreases the cost of R&D, which allows space for additional R&D activities. This paper discusses the rationale for firms’ choices of cooperative R&D partners among private firms and public research institutions. Using unique panel data information on firm specific R&D behaviour and cooperation among Danish firms, the determinants identified for R&D cooperation include R&D competence stocks, absorption capacity and R&D time horizons. The variation in determinants for different cooperative partners allows for a targeted research policy that strengthens R&D cooperation among specific preferred subgroups of Danish firms and thereby contributes positively to the social welfare in Denmark.
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