Building the Large Hadron Collider (1995-2008) required frontier technologies. We wanted to discover whether there has been a long-term "learning by doing" effect on CERN suppliers' profitability, beyond the initial order. The evidence on this effect was until now fragmentary, mainly based on interviews or case histories. CERN granted us access to their LHC procurement database, including 1360 suppliers from 35 countries for a total of 11969 orders. We collected 23-year long time series of financial data (1991-2013) for a large sample of companies. After controlling for time fixed-effects and trends, firm-level and country-level possible confounding factors, we observe a statistically significant.

The economic impact of Technological Procurement for Large-Scale Research Infrastructure: Evidence from the Large Hadron Collider at CERN / M. Florio, P. Castelnovo, E. Sirtori, L. Rossi, S. Forte. - [s.l] : Research Policy, 2016 Nov. (WORKING PAPER SERIES / DIPARTIMENTO DI ECONOMIA POLITICA E AZIENDALE, UNIVERSITÀ DEGLI STUDI DI MILANO)

The economic impact of Technological Procurement for Large-Scale Research Infrastructure: Evidence from the Large Hadron Collider at CERN

M. Florio
Primo
;
P. Castelnovo
Secondo
;
L. Rossi
Penultimo
;
S. Forte
Ultimo
2016-11

Abstract

Building the Large Hadron Collider (1995-2008) required frontier technologies. We wanted to discover whether there has been a long-term "learning by doing" effect on CERN suppliers' profitability, beyond the initial order. The evidence on this effect was until now fragmentary, mainly based on interviews or case histories. CERN granted us access to their LHC procurement database, including 1360 suppliers from 35 countries for a total of 11969 orders. We collected 23-year long time series of financial data (1991-2013) for a large sample of companies. After controlling for time fixed-effects and trends, firm-level and country-level possible confounding factors, we observe a statistically significant.
CERN; Large Hadron Collider; technological spillovers; supply chain
Settore SECS-P/03 - Scienza delle Finanze
http://hdl.handle.net/2434/600698
Working Paper
The economic impact of Technological Procurement for Large-Scale Research Infrastructure: Evidence from the Large Hadron Collider at CERN / M. Florio, P. Castelnovo, E. Sirtori, L. Rossi, S. Forte. - [s.l] : Research Policy, 2016 Nov. (WORKING PAPER SERIES / DIPARTIMENTO DI ECONOMIA POLITICA E AZIENDALE, UNIVERSITÀ DEGLI STUDI DI MILANO)
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2434/611874
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