The Recent Location of Foreign R&D Activities by Large MNCs in the European Regions. The Role of Different Sources of Spillovers
AbstractThis paper examines the recent siting of foreign-owned corporate technological development in European regions. The data used are patents granted in the US to the world's largest firms in the period 1987-'95. According with the literature on knowledge creation in MNCs, we find that location of foreign-owned research tends to agglomerate, depending upon the potential for different sources of spillovers. Specifically, we find that location decisions are positively influenced by intra- and inter-industry spillovers, and the local scientific and educational infrastructure.
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-02-29 (All new papers)
- NEP-GEO-2004-02-29 (Economic Geography)
- NEP-INO-2004-02-29 (Innovation)
- NEP-TID-2004-02-29 (Technology & Industrial Dynamics)
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