Does Internationalization Alter the R&D-Productivity Relationship?
Miguel Manjon Antolin () and
Dolores Añón Higón
Working Papers from Universitat Rovira i Virgili, Department of Economics
R&D investment is an important driver of productivity gains. However, firms differ in their ability to appropiate the returns to their R&D efforts. This paper analyses to what extent firm's internationalization influences the endogenous relation between R&D and productivity. In particular, we assess the contribution of R&D to productivity for a panel of UK firms that differ in their degree of internationalization. We find that, on average, multinationals obtain higher gains from their investment in R&D. However, the influence of internationalization on the contribution of R&D to productivity varies along the distribution of the returns to R&D. Keywords: R&D, Multinationals, Productivity. JEL Codes: C14, D24, F23.
Keywords: Investigació industrial; Empreses multinacionals; Productivitat industrial; 65 - Gestió i organització. Administració i direcció d'empreses. Publicitat. Relacions públiques. Mitjans de comunicació de masses (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:urv:wpaper:2072/42867
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