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across geography. First, medical R&D has a self-limiting effect. Contemporary innovation discourages trial participation and … slows down development necessary for future innovation. Thus, medical R&D suffers increasing costs over time, driven by …, affect the returns to innovation, not only by altering the firm's variable profits, but also by increasing the length and …
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We evaluate the impact of basic research on pharmaceutical firms' technological performance, distinguishing between internal basic research and the exploitation of external basic research findings. We find that firms increase their performance by engaging more in internal basic research, in...
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We use rich firm-level data and national input-output tables from 17 countries over the 2002-2005 period to test new and existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the host country (i.e., spillovers). We document that backward...
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We use rich firm-level data and national input-output tables from 17 countries over the 2002-2005 period to test new and existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the host country (i.e., spillovers). We document that backward...
Persistent link: https://www.econbiz.de/10013071295
We use rich firm-level data and national input-output tables from 17 countries over the 2002-2005 period to test new and existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the host country (i.e. spillovers). We document that backward...
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