In spite of the abundant research on the relation between spillovers and the optimal outcome of cooperation in R&D versus non-co-operative set-ups, and the well-acknowledged increasing occurrence of co-operative agreements, the fact that firms could manage and increase spillovers through R&D...

In this paper we compute knowledge spillovers springing from R&D co-operation in the EU Framework Programmes. Contrary to most other methods we estimate spillovers in a direct way, following a limited number of assumptions. Intra- and inter-sector spillovers are computed for the first four FWPs,...