Griffith, Rachel; Redding, Stephen; Van Reenen, John - 2001
Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R …&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge ('absorptive … important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in …