Multinationals, R&D and productivity: Evidence for UK Manufacturing firms
AbstractIn this study we analyze multinationality (domestic-based firms vs. multinationals) and foreignness (foreign vs. domestic firms) effects in the returns of R&D to productivity. We follow a two-step strategy. In the first step, we consistently estimate firm’s productivity by GMM and numerically compute the sample distribution of the R&D returns. In the second step, we use stochastic dominance techniques to make inferences on the multinationality and foreignness effects. Results for a panel of UK manufacturing firms suggest that multinationality and foreignness effects operate in an opposite way: whilst the multinationality effect enhances R&D returns, the foreignness diminishes them.
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Bibliographic InfoPaper provided by University of Valencia, ERI-CES in its series Discussion Papers in Economic Behaviour with number 1110.
Date of creation: Jul 2010
Date of revision:
multinationals; foreignness; R&D; productivity;
Other versions of this item:
- Dolores Añón Higón & Miguel Manjón Antolín & Juan A. Mañez, 2011. "Multinationals, R&D, and productivity: evidence for UK manufacturing firms," Industrial and Corporate Change, Oxford University Press, vol. 20(2), pages 641-659, April.
- Añón Higón, Dolores & Manjón Antolín, Miguel C. & Máñez, Juan A., 2010. "Multinationals, R&D and productivity: Evidence for UK Manufactoring firms," Working Papers 2072/151616, Universitat Rovira i Virgili, Department of Economics.
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-07-24 (All new papers)
- NEP-BEC-2010-07-24 (Business Economics)
- NEP-CSE-2010-07-24 (Economics of Strategic Management)
- NEP-EFF-2010-07-24 (Efficiency & Productivity)
- NEP-EUR-2010-07-24 (Microeconomic European Issues)
- NEP-INO-2010-07-24 (Innovation)
- NEP-TID-2010-07-24 (Technology & Industrial Dynamics)
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