dc.contributor.author | Grünfeld, Leo A. | |
dc.date.accessioned | 2016-06-23T11:16:10Z | |
dc.date.accessioned | 2016-06-24T12:42:04Z | |
dc.date.available | 2016-06-23T11:16:10Z | |
dc.date.available | 2016-06-24T12:42:04Z | |
dc.date.issued | 2002 | |
dc.identifier.citation | Working Paper, NUPI nr. 628. NUPI, 2002 | nb_NO |
dc.identifier.issn | 0800 - 0018 | |
dc.identifier.uri | http://hdl.handle.net/11250/2394097 | |
dc.description | - | nb_NO |
dc.description.abstract | This paper studies R&D spillovers as a motive for firms to go multinational. The establishment of a foreign subsidiary may increase a firm’s ability to learn from foreign R&D activity since R&D spillovers between firms are moderated by geographical distance. As opposed to earlier studies on this subject, we also model the concept of absorptive capacity where spillovers are endogenised as a function of the firms’ own R&D investments. We employ a three-stage Cournot duopoly model to identify under what conditions a firm chooses to service a foreign market through exports or localised production (going multinational). With exogenous R&D investments, the absorptive capacity effect contributes to increase the gains from going multinational when the firm is a technology leader in terms of R&D. If R&D investments are endogenous, only medium-sized absorptive capacity effects will result in firms going multinational. Also, higher spillover rates do not necessarily drive down R&D and profits for the multinational firm. This stands in contrast to models that ignore the aspect of absorptive
capacity. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | NUPI | nb_NO |
dc.relation.ispartofseries | NUPI Working Paper;628 | |
dc.rights | Navngivelse-Ikkekommersiell-DelPåSammeVilkår 3.0 Norge | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-sa/3.0/no/ | * |
dc.title | International R&D Spillovers and the Absorptive Capacity of Multinationals | nb_NO |
dc.type | Working paper | nb_NO |
dc.date.updated | 2016-06-23T11:16:10Z | |
dc.source.pagenumber | 37 p. | nb_NO |
dc.identifier.cristin | 1363686 | |
dc.subject.keyword | Internasjonal økonomi / International economics | |