DP3772 | Public Policies Towards Research Joint Venture Formation: Designs and Outcomes

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We use a large firm-level data-set on Research Joint Ventures (RJVs) formed under the umbrella of the Eureka and European Union?s Framework Programmes for Science and Technology (EU-FP). Based on the results presented in Hernán, Marin, and Siotis (2003), we focus on firms that are known to have a high probability of forming RJVs, with the latter identified as firms with a previous experience with collaborative research. This allows us to gain insights regarding the influence of the programmes? institutional design on the process of RJV formation. The findings pertaining to EU-FP RJVs are consistent with a ?top-down? and ?mission oriented? research policy. By contrast, Eureka RJVs appear as more market driven and ?bottom-up?.