Technological competition, economic performance and strategic behaviour of international firms
AbstractThis paper analyses the relationship between R&D rivalry, spillovers and productivity at the firm level. A particular attention is put on the way technological spillovers are formalised. The analysis is based upon a data set composed of 625 world-wide R&D-intensive manufacturing firms whose information has been collected for the period 1987-1994. Given the panel data structure of the sample, econometric techniques which deal with both firm's unobserved heterogeneity and weak exogeneity of the right hand-side variables are implemented. The R&D reaction patterns for the main R&D-intensive industries show that if firms are to different degrees sensitive to what competitors allocate to their activities, the behaviours are not homogeneous across industries and among countries. The empirical results give clue that spillover effects influence significantly firm's productivity. Nevertheless the effects differ substantially among the pillars of the Triad. The United States are mainly sensitive to their national stock of spillovers while Japan appears to draw from the international stock. On its side, Europe shows some pains to internalise spillovers.
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Bibliographic InfoArticle provided by ULB -- Universite Libre de Bruxelles in its journal Cahiers Economiques de Bruxelles.
Volume (Year): 169 (2001)
Issue (Month): 169 ()
Find related papers by JEL classification:
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
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- Michele Cincera, 2005.
"Firms' productivity growth and R&D spillovers: An analysis of alternative technological proximity measures,"
Economics of Innovation and New Technology,
Taylor & Francis Journals, vol. 14(8), pages 657-682.
- Cincera, Michele, 2005. "Firms' Productivity Growth and R&D Spillovers: An Analysis of Alternative Technological Proximity Measures," CEPR Discussion Papers 4894, C.E.P.R. Discussion Papers.
- Michele Cincera, 2005. "Firms' productivity growth and R&D spillovers: an analysis of alternative technological proximity measures," ULB Institutional Repository 2013/5490, ULB -- Universite Libre de Bruxelles.
- Lee, Gwanghoon, 2006. "The effectiveness of international knowledge spillover channels," European Economic Review, Elsevier, vol. 50(8), pages 2075-2088, November.
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