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- W112892034 abstract "Firms not only produce or sell their products and services abroad, but increasingly also conduct research and development (R&D) at locations outside their home countries – a phenomenon referred to as the ‘internationalization of business R&D’. This chapter analyses the internationalization of business R&D for OECD countries and identifies specific home and host country characteristics that are conducive or obstructive to R&D expenditure of foreign affiliates. The analysis employs a recently compiled novel data set on R&D expenditure of foreign-owned firms in the manufacturing sectors of a set of OECD countries. The results point to the pivotal role of market size and of cultural, physical and technological proximity for R&D efforts of foreign-owned firms. Moreover, the analysis demonstrates that sufficient human capital and strong indigenous technological capabilities in the host country tend to be conducive to R&D activities of foreign affiliates. In contrast, a rich human capital base in the home country is obstructive to the process of R&D internationalization. Geographic distance turns out to be a strong deterrent.KeywordsHost CountryHome CountryGravity ModelInnovative ActivityTechnological SpilloverThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
- W112892034 created "2016-06-24" @default.
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- W112892034 date "2013-01-01" @default.
- W112892034 modified "2023-09-26" @default.
- W112892034 title "Determinants of International R&D Activities: Evidence from a Gravity Model" @default.
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- W112892034 doi "https://doi.org/10.1007/978-3-319-02699-2_10" @default.
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