Drivers and policies for increasing and internationalising R&D activities of EU MNEs
Michele Cincera,
Claudio Cozza and
Alexander Tübke
No 2010-02, JRC Working Papers on Corporate R&D and Innovation from Joint Research Centre
Abstract:
Based on an original and recent sample representative of the largest R&D corporations in the EU, this paper aims at investigating in a quantitative way the main factors explaining: (i) the decision of firms to increase their R&D investment effort in the near future; (ii) the main drivers explaining the favourite international location choice for R&D; and (iii) the impact of direct and indirect policies to support R&D activities in the EU. The main findings suggest that competitive pressures from the US are the main determinants for increasing R&D investments. Public support to R&D and proximity to other activities of the company influence the decision to locate R&D in the home country. Considerations on the cost of employing researchers become one factor among others only for firms preferring a location outside their home country, in particular in the rest of the world (countries other than the EU or the US).
Keywords: Drivers of R&D internationalisation; R&D policies; EU large R&D corporations (search for similar items in EconPapers)
JEL-codes: F23 O32 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2010-04
New Economics Papers: this item is included in nep-cse, nep-eur and nep-ino
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Citations: View citations in EconPapers (4)
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:wpaper:201002
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