TY - JOUR
T1 - Determinants of Firm R&D
T2 - The Role of Relationship-Specific Interactions for R&D Spillovers
AU - Tingvall, Patrick Gustavsson
AU - Poldahl, Andreas
N1 - Published online 23 June 2011
PY - 2012
Y1 - 2012
N2 - 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.
AB - 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.
KW - R&D
KW - Spillovers
KW - Imports
KW - Relationship-specific investments
U2 - 10.1007/s10842-011-0112-7
DO - 10.1007/s10842-011-0112-7
M3 - Journal article
SN - 1566-1679
VL - 12
SP - 395
EP - 411
JO - Journal of Industry, Competition and Trade
JF - Journal of Industry, Competition and Trade
IS - 4
ER -