Strategic Research Partnerships in the United States: Econometric Evidence from Research Joint Venture Activity
نویسندگان
چکیده
An increase in strategic research partnerships (SRPs) involving U.S. firms and nonprofit organizations could be due to more intense foreign competition and policies promoting collaborative research, such as the National Cooperative Research Act (NCRA). NCRA allows firms to file research joint ventures (RJVs) with the Justice Department and reduce their exposure to antitrust litigation. We estimate an econometric model of RJV filings and find an inverse relationship between proxies for global high-technology competition and RJVs. Structural stability tests indicate that the Commerce Department's Advanced Technology Program may have caused a structural shift in the propensity of firms to sponsor RJVs.
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