The Decision Between Internal and External R&D
David Audretsch (),
Albert Menkveld () and
Roy Thurik ()
Working Papers from NEUHUYS - RESEARCH INSTITUTE FOR SMALL AND MEDIUM
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: O32 D81 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:miklrr:9603/e
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