The Persistence of Home Bias for Important R&D in Wireless Telecom and Automobiles
Stephen S. Cohen,
Alberto Di Minin (),
Yasuyuki Motoyama and
Christopher Palmberg ()
Review of Policy Research, 2009, vol. 26, issue 1-2, 55-76
We argue that in this age of globalization, important R&D-in automobiles and wireless telecommunication-exhibits a decisive home bias. This contrasts with findings on the rate and extent of globalization of the aggregate of activities classified as R&D. Sorting out R&D was deemed important at the outset by the firm, and comparing that to "regular" R&D by the same firms enables the argument. We take our findings on location a step further by examining, for this category of R&D, the reasons for nonglobalization. Copyright 2009 by The Policy Studies Organization.
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