Do Firms Benefit from Being Present in Multiple Technology Clusters? An Assessment of the Technological Performance of Biopharmaceutical Firms
Firms active in knowledge-intensive fields are increasingly organizing their R&D activities on an international scale. This paper investigates whether firms active in biotechnology can improve their technological performance by developing R&D activities in multiple technology clusters. Regions in the US, Japan and Europe, that host a concentration of biotechnology activity are identified as clusters. Fixed-effect panel data analyses with 59 biopharmaceutical firms (period 1995-2002) provides evidence for a positive, albeit diminishing (inverted-U shape) relationship between the number of technology clusters in which a firm is present and its overall technological performance. This effect is distinct from a mere multi-location effect.
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|Date of revision:||Dec 2010|
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- Andrés Rodríguez-Pose & Riccardo Crescenzi, 2008.
"Research and development, spillovers, innovation systems, and the genesis of regional growth in Europe,"
LSE Research Online Documents on Economics
23326, London School of Economics and Political Science, LSE Library.
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- A. Rodriguez-Pose & Riccardo Crescenzi, 2006.
"R&D, spillovers, innovatoin systems and the genesis of regional growth in Europe,"
Departmental Working Papers of Economics - University 'Roma Tre'
0067, Department of Economics - University Roma Tre.
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- Andrés Rodríguez-Pose & Riccardo Crescenzi, 2006. "R&D, Spillovers, Innovation Systems and the Genesis of Regional Growth in Europe," Bruges European Economic Research Papers 5, European Economic Studies Department, College of Europe.
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