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.
|Date of creation:||Dec 2010|
|Date of revision:||Dec 2010|
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- A. Rodriguez-Pose & Riccardo Crescenzi, 2006.
"R&D, spillovers, innovatoin systems and the genesis of regional growth in Europe,"
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- Andrés Rodríguez-Pose & Riccardo Crescenzi, 2008.
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LSE Research Online Documents on Economics
23326, London School of Economics and Political Science, LSE Library.
- Andres Rodriguez-Pose & Riccardo regstdcenzi, 2008. "Research and Development, Spillovers, Innovation Systems, and the Genesis of Regional Growth in Europe," Regional Studies, Taylor & Francis Journals, vol. 42(1), pages 51-67.
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