Elsevier

Japan and the World Economy

Volume 7, Issue 3, September 1995, Pages 329-345
Japan and the World Economy

An economic analysis of cooperative R&D in Japan

https://doi.org/10.1016/0922-1425(94)00043-SGet rights and content

Abstract

Using cross-industry data from 1988, this study investigates the impact of R&D diversification, R&D resource cost, the importance of basic research, and the existence of foreign competitors on Japanese firms' decisions to engage in cooperative R&D with other firms. My study has found that cooperative R&D is useful for diversification but not used for solving large spillover effects of basic research. The study has also found that sharing costly R&D resources is a strong reason for cooperative R&D. There is also a positive relationship between cooperative R&D and net-exports of the industry.

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I appreciate comments from Arthur Denzau, Mary Olson, and Fred Raines. I also thank for comments from the participants in the Illinois Economic Association Annual Meeting in October 1993. I also thank Ms. Claire Cuccio for editing my draft.

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