We develop and empirically test a model of foreign R&D investments that takes into account strategic interaction in R&D location decisions by multinational firms in the context of R&D spillovers and foreign technology sourcing strategies. In a two-country, two-firm model with cross investments,...

Using firm level information on the world leading R&D investors and employing a system GMM estimation, this paper investigates how sensitive R&D investments are to cash flow movements, which would be suggestive of financial constraints. The analysis confirms that over the last decade the R&D...

This paper reviews the state of EU competitiveness and introduces a strategy to improve it, based on medium-term, sector-level coordination of Member State reform policies and/or investments. The idea is illustrated with two examples: an investment and reform programme to create a single EU...

In its May 2005 the Group of Economic Policy Analysis (GEPA) discussed the issue of EU competitiveness and industrial location. At that meeting, a request was made for BEPA to prepare a report (i) taking stock of the phenomena of delocalisation and outsourcing in particular and globalisation in...

This analysis contributes to the understanding of the role of basic science in generating breakthrough inventions (BTs) in the pharmaceutical industry. Recognizing the within-firm heterogeneity of inventive activities, we look not only at the firm level, but also at the firm-technology level for...

The paper proposes a new research design and framework to analyze the pattern of competition in the global market. Using revealed measures of comparative advantage and firm-specific advantages the competitive position of EU manufacturing industries is analyzed in relation to the structural...

This paper analyzes M&A patterns of R&D projects in the antidiabetics industry. For this purpose, we construct a database with all corporate individual antidiabetics R&D projects over the period 1997 - 2017, and add detailed information on firms’ technology dimension using patent information,...