Belderbos, Rene; Fukao, Kyoji; Iwasa, Tomoko - In: Economics of Innovation and New Technology 18 (2009) 4, pp. 369-380
A considerable share of R&D investment is due to multinational firms that simultaneously operate R&D bases at home and abroad. We develop a simple model of foreign and domestic R&D investment and test the model's predictions on a sample of 146 Japanese multinational firms' R&D investments in...