Determinants of Firm R&D: The Role of Relationship-specific Interactions for R&D Spillovers
2011 (English)Report (Other academic)
Research and Development (R&D) is a key component behind technological development and economic growth; therefore, understanding the drivers of R&D is crucial. An interesting question is the role of technology spillovers, transferred by trade, and their impact on firm R&D. Here we analyze not only how international and domestic inter- and intra-industry technology spillovers affect firm R&D but also the relatively unexplored issue of how relationship-specific interactions between buyer and seller affect such spillovers. We find international technology spillovers to be larger and more significant than domestic inter- and intra-industry spillovers. Moreover, relationship-specific interactions between seller and buyer enhance technology spillovers in general and international spillovers in particular.
Place, publisher, year, edition, pages
CESIS, KTH Royal Institute of Technology , 2011. , 24 p.
CESIS Working Paper Series in Economics and Institutions of Innovation, 251
R&D, spillovers, imports, relationship-specific investments
IdentifiersURN: urn:nbn:se:kth:diva-67444OAI: oai:DiVA.org:kth-67444DiVA: diva2:484955
QC 201202132012-02-132012-01-272012-02-13Bibliographically approved