| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP1604
|
| DP1604 Endogenous Cycles in a Stiglitz-Weiss Economy |
| Oren Sussman; Javier Suarez
|
| 发表日期 | 1997-03-27
|
| 出版年 | 1997
|
| 语种 | 英语
|
| 摘要 | This paper is a first attempt to analyse the determinants of inter-firm R&D agreements between advanced and developing countries, i.e. between firms with asymmetric endowments of knowledge. It shows that international dispersion of R&D activity by multinationals also concerns developing countries, particularly the New Industrialized Countries (NICs). Indeed, both our theory and empirical evidence show that R&D can be carried out via arm?s-length agreements, even between partners with asymmetric endowments of knowledge. The paper develops a theoretical model which brings together some of the central assumptions of the literature on R&D cooperation and of the literature on hierarchical transfer of technology. A multinational has the option between setting up a subsidiary and competing with a local firm in a duopoly, or implementing an agreement and sharing monopoly profits. The two firms, if they choose the agreement option, may also cooperate in R&D. The model shows that R&D cooperation increases both the profitability and the stability of the agreement. The model also shows that R&D cooperation is more likely when asymmetries in R&D efficiency between the partners are not too large. Spillovers have an ambiguous role; they must be large enough to induce firms to form an arm?s-length agreement, but if they are too large they discourage R&D cooperation. The empirical analysis is based on a data set of international arm?s-length agreements. By testing a dichotomous choice model, it supports some of the key theoretical results and assumptions: R&D agreements are particularly likely to emerge when firms have a non-hierarchical relationship, in knowledge-intensive industries, and when technological asymmetries between home and host countries are not too large. Indeed, most R&D agreements are concentrated in the NICs which have relatively advanced industrial bases and capabilities. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | Firm organisation
International business
Management of technological innovation
Market structure
Multinational firms
R&d
|
| URL | https://cepr.org/publications/dp1604
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530743
|
推荐引用方式
GB/T 7714 |
Oren Sussman,Javier Suarez. DP1604 Endogenous Cycles in a Stiglitz-Weiss Economy. 1997.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
