EconPapers    
Economics at your fingertips  
 

Intramural and external R&D: evidence for complementarity or substitutability

Dolores Añón Higón, Juan A. Mañez and Juan A. Sanchis-Llopis
Additional contact information
Dolores Añón Higón: Universitat de València
Juan A. Sanchis-Llopis: Universitat de València

Authors registered in the RePEc Author Service: Juan A. Sanchis Llopis ()

Economia Politica: Journal of Analytical and Institutional Economics, 2018, vol. 35, issue 2, 555-577

Abstract: Abstract The aim of this study is to ascertain the impact of two firm innovation strategies—namely, intramural R&D and external R&D, including either contracted R&D and import of technology, upon total factor productivity (TFP). In order to evaluate these effects we consider robust estimates of TFP through a GMM approach where we account for the diverse innovation strategies carried out by firms (intramural only, external only or both). Using data for Spanish manufacturing firms drawn from the Encuesta de Estrategias Empresariales (ESEE), over the period 1991–2014, our results suggest that inhouse R&D and external R&D are complementary strategies only for large firms in high tech sectors. For the rest of firms, both strategies turn out to be substitutive. Further, R&D strategies only offer a TFP premium to exporters. We find no positive synergies between in-house and external R&D for large exporters, while for small exporters both strategies are substitutes.

Keywords: Intramural R&D; External R&D; Complementarity; Substitutability; TFP; Internationalisation; D24; F14; F23; O32 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s40888-018-0100-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
Working Paper: Intramural and external R&D: Evidence for complementary or substitutability (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:epolit:v:35:y:2018:i:2:d:10.1007_s40888-018-0100-z

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40888

Access Statistics for this article

Economia Politica: Journal of Analytical and Institutional Economics is currently edited by Alberto Quadrio Curzio

More articles in Economia Politica: Journal of Analytical and Institutional Economics from Springer, Fondazione Edison
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-08-20
Handle: RePEc:spr:epolit:v:35:y:2018:i:2:d:10.1007_s40888-018-0100-z