The economic impact of technological procurement for large-scale research infrastructures: Evidence from the Large Hadron Collider at CERN |
| |
| Authors: | Paolo Castelnovo Massimo Florio Stefano Forte Lucio Rossi Emanuela Sirtori |
| |
| Institution: | 1. Department of Economics, Management, Quantitative Methods, Università degli Studi di Milano, Italy;2. TIF Lab, Department of Physics, Università degli Studi di Milano and INFN, Sezione di Milano, Italy;3. CERN - Accelerator & Technology Sector, Geneva, CH;4. Department of Physics, Università degli Studi di Milano, Italy;5. CSIL Centre for Industrial Studies, Milano, Italy |
| |
| Abstract: | The Large Hadron Collider at CERN, the European Organisation for Nuclear Research, is the world’s highest-energy particle accelerator. Its construction (1995–2008) required frontier technologies and close collaboration between CERN scientists and contracting firms. The literature on “Big Science” projects suggests that this collaboration generated economic spillovers, particularly through technological learning. CERN granted us access to its procurement database, including suppliers of LHC from 35 countries for orders over 10,000 Swiss Francs. We gathered balance-sheet data for more than 350 of these companies from 1991 to 2014, which include the years before and after that of the first order received. The study assesses, in quantitative terms, whether becoming a CERN supplier induced greater R&D effort and innovative capacity, thus enhancing productivity and profitability. The findings – which controlled for firms’ observable characteristics, macroeconomic conditions, and unobserved time, country, industry and firm-level fixed effects – indicate a statistically significant correlation between procurement events and company R&D, knowledge creation and economic performance. The correlation is chiefly driven by high-tech orders; for companies receiving non-high-tech orders, it is weaker, or even statistically not significant. |
| |
| Keywords: | O30 O33 Q55 Public procurement CERN Large hadron collider Technological spillovers |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
