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R&D internationalization and firm productivity. Does the host country matter?

Rahko, Jaana (2021-01-24)

 
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https://doi.org/10.1080/00036846.2020.1853668

Rahko, Jaana
Routledge, Taylor & Francis Group
24.01.2021
doi:10.1080/00036846.2020.1853668
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe202101283019

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vertaisarvioitu
© 2021 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc- nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.
Tiivistelmä
The prior literature has established that the internationalization of corporate R&D is motivated by access to new markets and technological knowledge. However, the empirical literature has overlooked whether the market and technological characteristics of R&D host countries influence the firm-level productivity gains from international R&D. This study empirically examines whether international R&D activities affect the productivity of European multinational firms. Estimating an R&D augmented production function shows that the output elasticity of R&D depends positively on the share of international R&D activities. The analysis further shows that the improvements are associated only with offshore R&D in host countries that have experienced fast economic growth or that are technologically stronger than firms’ home country.
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