U.S. Research Joint Ventures with International Partners
AbstractIn the United States, as in most industrialized nations, aggregate technological advancement declined during the 1970s and early 1980s. The U.S. Congress was quick to respond to this down turn by passing a number of technology- and innovation-related initiatives, one of which was the National Cooperative Research Act (NCRA) of 1984. It has been argued that this policy response is an example of government acting as entrepreneur because the enabling legislation was both innovative and characterized by entrepreneurial risk. In this paper we examine empirically covariates with the trend in the formation of research joint ventures (RJVs) promulgated by the NCRA and with the probability that a RJV will have an international research partner. We find that RJV formations seem to increase in times when industrial investments in research and development (R&D) decrease, and we conclude that RJVs might thus be a substitute for internal R&D activity. We also find that the probability of a RJV having an international research partner increases as the membership size of the RJV increases. We conclude that as membership size increases, the ability of any one member to appropriate the collective research contributions from the other members, and thus gain a competitive advantage, decreases. Thus, the cost of including in the RJV an international partner, which we argue could represent a potential intellectual capital leakage, decreases.
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Bibliographic InfoPaper provided by University of North Carolina at Greensboro, Department of Economics in its series Working Papers with number 13-15.
Length: 23 pages
Date of creation: 04 Oct 2013
Date of revision:
Research joint venture; Strategic alliance; Technology; Innovation; Technological change; Entrepreneurship;
Find related papers by JEL classification:
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-18 (All new papers)
- NEP-CSE-2013-10-18 (Economics of Strategic Management)
- NEP-ENT-2013-10-18 (Entrepreneurship)
- NEP-INO-2013-10-18 (Innovation)
- NEP-TID-2013-10-18 (Technology & Industrial Dynamics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Leyden, Dennis Patrick & Link, Albert N., 1999. "Federal laboratories as research partners," International Journal of Industrial Organization, Elsevier, vol. 17(4), pages 575-592, May.
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