R&D Expenditures and Geographical Sales Diversification
This paper empirically examines the role of diversification in export markets on firm-level R&D activities. We show that geographical sales diversification across different regions of the world induces UK firms to increase their R&D expenditures, as firms must innovate and develop new products to maintain a competitive edge over their rivals. This finding is robust to a battery of sensitivity checks. Furthermore, we find no evidence of reverse causality between R&D and sales diversification.
|Date of creation:||30 Mar 2012|
|Date of revision:||12 Nov 2012|
|Publication status:||published, Manchester School, 84:2, 197-221, 2016|
|Note:||Previously circulated as "R&D Expenditures and Export Sales Diversification"|
|Contact details of provider:|| Postal: Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA|
Web page: http://fmwww.bc.edu/EC/
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