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| Author: | Todo, Y. Shimizutani, S. |
| Title: | Overseas R&D activities and home productivity growth: Evidence from Japanese firm level data |
| Journal: | Journal of Industrial Economics
2008 : DEC, VOL. 56:4, p. 752-777 |
| Index terms: | productivity growth R&D multinational companies subsidiary companies Asia Japan |
| Language: | eng |
| Abstract: | Using firm-level data for Japanese multinational enterprises (MNEs), this paper examines the impact of overseas (henceforth as: o-s.) subsidiaries' (as: sub/s.) R&D activities on the productivity (here as: prdy.) growth of parent firms. Based on survey responses, each o-s. sub/s' R&D is classified as either 'innovative R&D,' which is hypothesized (as: h-ed.) to lead to the acquisition of foreign knowledge, or 'adaptive R&D,' which is h-ed. to lead to adaptation to local conditions. It is found that o-s. innovative R&D raises the parent firm's prdy. growth, whereas adaptive R&D does not. In addition, o-s. innovative R&D does not improve the rate of return on home R&D. |
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