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Technological competition, economic performance and strategic behaviour of international firms

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  • Henri Capron
  • Michele Cincera

Abstract

This 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.

Suggested Citation

  • Henri Capron & Michele Cincera, 2001. "Technological competition, economic performance and strategic behaviour of international firms," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 169(169), pages 33-62.
  • Handle: RePEc:bxr:bxrceb:y:2001:v:0:i:169:p:33-62
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    File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/13153/1/ber-1060.pdf
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    References listed on IDEAS

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    2. Antoine Bonleu & Gilbert Cette & Guillaume Horny, 2013. "Capital utilization and retirement," Applied Economics, Taylor & Francis Journals, vol. 45(24), pages 3483-3494, August.
    3. Fehr, Ernst & Kirchsteiger, Georg, 1994. "Insider Power, Wage Discrimination and Fairness," Economic Journal, Royal Economic Society, vol. 104(424), pages 571-583, May.
    4. D. W. Jorgenson & Z. Griliches, 1967. "The Explanation of Productivity Change," Review of Economic Studies, Oxford University Press, vol. 34(3), pages 249-283.
    5. Betancourt,Roger R. & Clague,Christopher K., 2008. "Capital Utilization," Cambridge Books, Cambridge University Press, number 9780521070287, December.
    6. Andrews, M J & Simmons, R, 2001. "Friday May Never Be the Same Again: Some Results on Work-Sharing from Union-Firm Bargaining Models," Scottish Journal of Political Economy, Scottish Economic Society, vol. 48(5), pages 488-516, November.
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    Citations

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    Cited by:

    1. Lee, Gwanghoon, 2005. "Direct versus indirect international R&D spillovers," Information Economics and Policy, Elsevier, vol. 17(3), pages 334-348, July.
    2. Lee, Gwanghoon, 2006. "The effectiveness of international knowledge spillover channels," European Economic Review, Elsevier, vol. 50(8), pages 2075-2088, November.
    3. 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, pages 657-682.
    4. 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, pages 657-682.
    5. Aldieri, Luigi & Aprile, Maria Carmela & Vinci, Concetto Paolo, 2015. "R&D Spillovers Effects on strategic behaviour of Large International Firms," MPRA Paper 63402, University Library of Munich, Germany.

    More about this item

    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, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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