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R&D Reactions to High-Technology Import Competition

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  • Scherer, F M
  • Huh, Keun

Abstract

For a seventeen-year panel covering 308 U.S. manufacturers, the authors analyze companies' R&D spending reactions to changes in high-technology imports. On average, R&D/sales ratios were reduced in the short run as imports rose. Reactions tended to be more aggressive the more concentrated the markets were in which the firms operated, when company R&D operations were multinational, and with greater company size and diversification. Reactions were less aggressive when special trade barriers had been erected. Reactions became more aggressive over the longer run. Copyright 1992 by MIT Press.

Suggested Citation

  • Scherer, F M & Huh, Keun, 1992. "R&D Reactions to High-Technology Import Competition," The Review of Economics and Statistics, MIT Press, vol. 74(2), pages 202-212, May.
  • Handle: RePEc:tpr:restat:v:74:y:1992:i:2:p:202-12
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    Cited by:

    1. Bettina Becker & Nigel Pain, 2008. "What Determines Industrial R&D Expenditure In The Uk?," Manchester School, University of Manchester, vol. 76(1), pages 66-87, January.
    2. Chen, Shiu-Sheng, 2017. "Exchange rate undervaluation and R&D activity," Journal of International Money and Finance, Elsevier, vol. 72(C), pages 148-160.
    3. Elango, B. & Pattnaik, Chinmay & Wieland, Jamie R., 2016. "Do business group characteristics matter? An exploration on the drivers of performance variation," Journal of Business Research, Elsevier, vol. 69(9), pages 3205-3212.
    4. Lee, Chang-Yang, 2009. "Competition favors the prepared firm: Firms' R&D responses to competitive market pressure," Research Policy, Elsevier, vol. 38(5), pages 861-870, June.
    5. Xavier Vives, 2008. "INNOVATION AND COMPETITIVE PRESSURE -super-," Journal of Industrial Economics, Wiley Blackwell, vol. 56(3), pages 419-469, December.
    6. Elango, B. & Pattnaik, Chinmay, 2013. "Response strategies of local firms to import competition in emerging markets," Journal of Business Research, Elsevier, vol. 66(12), pages 2460-2465.
    7. Benjamin H. Liebman & Kara M. Reynolds, 2015. "Trade Liberalisation and Capital Spending by US Manufacturers," The World Economy, Wiley Blackwell, vol. 38(11), pages 1763-1780, November.
    8. 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.
    9. repec:bin:bpeajo:v:24:y:1993:i:1993-2m:p:227-288 is not listed on IDEAS
    10. Mark Rogers, 2004. "Competition, agency and productivity," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 11(3), pages 349-367.
    11. Zahra, Shaker A., 1996. "Technology strategy and financial performance: Examining the moderating role of the firm's competitive environment," Journal of Business Venturing, Elsevier, vol. 11(3), pages 189-219, May.
    12. Alsharkas Zeina, 2014. "Firm Size, Competition, Financing and Innovation," International Journal of Management and Economics, De Gruyter Open, vol. 44(1), pages 51-73, December.
    13. Foders, Federico, 1995. "The technological specialization of Europe in the 1990s," Kiel Working Papers 675, Kiel Institute for the World Economy (IfW).
    14. Symeonidis, George, 2001. "Price Competition, Innovation and Profitability: Theory and UK Evidence," CEPR Discussion Papers 2816, C.E.P.R. Discussion Papers.
    15. James D Adams & Suzanne Peck, 1994. "A Guide To R&D Data At The Center For Economic Studies U.S. Bureau Of THe Census," Working Papers 94-9, Center for Economic Studies, U.S. Census Bureau.
    16. Zahra, Shaker A. & Bogner, William C., 2000. "Technology strategy and software new ventures' performance: Exploring the moderating effect of the competitive environment," Journal of Business Venturing, Elsevier, vol. 15(2), pages 135-173, March.

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