This chapter examines how international flows of technological knowledge affect economic performance across industries and firms across different countries. Motivated by the large share of the world's technology investments made by firms that are active across country borders, we focus on...

Front Matter -- Preface -- Contents -- Executive Summary -- 1 Introduction -- 2 The Contribution of R&D to U.S. Economic Development -- 3 Foreign Participation in Privately Funded U.S. R&D -- 4 Foreign Participation in Publicly Funded U.S. R&D -- 5 Findings and Recommendations -- References --...

Foreign-owned subsidiaries make significant contributions to national Research and Development (R&D) in many host countries. Policymakers often support subsidiaries through R&D grants and R&D tax credits. A key objective of this funding is to leverage R&D-driven firm performance benefits for the...