What effect does the aggregate industrial R&D offshoring have on you? A multilevel study

Damián Tojeiro-Rivero

Journal of International Management, 2022, vol. 28, issue 2

Abstract: The present study argues that R&D offshoring is not only a matter of firm's decision as in previous literature, but also has an important industrial externality component. For a sample of manufacturing and services industries in the period 2005–15, I study the externalities coming from R&D offshorers in a given industry and the heterogeneous effects of enterprises' internal knowledge base characteristics. The evidence points to offshoring externality (OE) presenting an inverted U-shape with respect to the firms' innovative processes. However, firms with higher levels of human capital and/or internal R&D investments obtain higher returns coming from the OE. Overall, it seems that a strategy (R&D offshoring) that is highly beneficial for enterprises individually, might be also optimal for the Spanish economy.

Keywords: Industrial externalities; R&D offshoring; Multilevel; Inter-industry study; Panel data (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:intman:v:28:y:2022:i:2:s1075425321000612

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DOI: 10.1016/j.intman.2021.100881

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