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The Decision Between Internal and External R&D

David Audretsch (daudrets@indiana.edu), Albert Menkveld and Roy Thurik

Working Papers from NEUHUYS - RESEARCH INSTITUTE FOR SMALL AND MEDIUM

Abstract: The purpose of this paper is to identify those factors shaping the decision to engage in external R&D. We use the lens of institutional economics to link the decision to engage in external R&D to both firm - and industry - specific characteristics. In particular, we find that internal and external R&D tend to be complements in high-technology industries but substitutes in low-technology industries.

Keywords: RESEARCH AND DEVELOPMENT; DECISION MAKING (search for similar items in EconPapers)
JEL-codes: D81 O32 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (41)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:miklrr:9603/e

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