Internationalization and innovation of firms: evidence and policy
Managing knowledge within and outside the multinational corporation
Carlo Altomonte (),
Tommaso Aquilante (),
Gábor Békés and
Gianmarco Ottaviano ()
Economic Policy, 2013, vol. 28, issue 76, 663-700
Summary We use a representative and cross-country comparable sample of manufacturing firms (EFIGE) to document patterns of interaction among firm-level internationalization, innovation and productivity across seven European countries (Austria, France, Germany, Hungary, Italy, Spain, United Kingdom). We find strong evidence of positive association among the three firm-level characteristics across countries and sectors. We also find that the positive correlation between internationalization and innovation survives after controlling for productivity, with some evidence of causality running from the latter to the former. Our analysis suggests that export promotion per se is unlikely to lead to sustainable internationalization because internationalization goes beyond export and because, in the medium to long term, internationalization is likely driven by innovation. We recommend coordination and integration of internationalization and innovation policies ‘under one roof’ at both the national and EU levels, and propose a bigger coordinating role for EU institutions.— Carlo Altomonte, Tommaso Aquilante, Gábor Békés and Gianmarco I.P. Ottaviano
References: Add references at CitEc
Citations: View citations in EconPapers (13) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
Working Paper: Internationalization and Innovation of Firms: Evidence and Policy (2014)
Working Paper: Internationalization and innovation of firms: evidence and policy (2014)
Working Paper: Internationalization and innovation of firms: evidence and policy (2013)
Working Paper: Internationalization and innovation of firms: Evidence and policy (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:oup:ecpoli:v:28:y:2013:i:76:p:663-700.
Access Statistics for this article
Economic Policy is currently edited by Giuseppe Bertola, Philippe Martin and Paul Seabright
More articles in Economic Policy from CEPR Contact information at EDIRC., CES Contact information at EDIRC., MSH Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().