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来源类型Working Paper
规范类型报告
DOI10.3386/w22160
来源IDWorking Paper 22160
Innovation in the Global Firm
L. Kamran Bilir; Eduardo Morales
发表日期2016-04-11
出版年2016
语种英语
摘要How global are the gains from innovation? When firms operate production plants in multiple countries, technological improvements developed in one location may be shared with foreign sites for efficiency gain. We develop a model that accounts for such transfer, and apply it to measure private returns to R&D investment for a panel of U.S. multinationals during 1989-2008. Our estimates indicate that innovation increases performance at firm locations beyond the innovating site: the median U.S. multinational firm realizes abroad 20 percent of the return to its U.S. R&D investment, suggesting estimates based only on domestic operations understate multinationals' gain from innovation, and revealing a spatial disconnect between the costs and potential gains of policies that encourage multinationals' U.S. innovation.
主题International Economics ; International Factor Mobility ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w22160
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/579834
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GB/T 7714
L. Kamran Bilir,Eduardo Morales. Innovation in the Global Firm. 2016.
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