Multinationals, R&D and productivity: Evidence for UK Manufactoring firms

Dolores Añón Higón, Miguel C. Manjón Antolín and Juan A. Mañez

Working Papers from Universitat Rovira i Virgili, Department of Economics

Abstract: In this study we analyze multinationality (domestic-based firms vs. multinationals) and foreignness (foreign vs. domestic firms) effects in the returns of R&D to productivity. We follow a two-step strategy. In the first step, we consistently ''s productivity by GMM and numerically compute the sample distribution of the R&D returns. In the second step, we use stochastic dominance techniques to make inferences on the multinationality and foreignness effects. Results for a panel of UK manufacturing firms suggest that multinationality and foreignness effects operate in an opposite way: whilst the multinationality effect enhances R&D returns, the foreignness diminishes them.

Keywords: Empreses multinacionals; Investigació industrial; Productivitat industrial; 339 - Comerç. Relacions econòmiques internacionals. Economia mundial. Màrqueting (search for similar items in EconPapers)
Date: 2010
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http://hdl.handle.net/2072/151616

Related works:
Journal Article: Multinationals, R&D, and productivity: evidence for UK manufacturing firms (2011)
Working Paper: Multinationals, R&D and productivity: Evidence for UK Manufacturing firms (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:urv:wpaper:2072/151616

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