What effect does the aggregate industrial R&D offshoring have on you? A multilevel study |
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Institution: | AQR-IREA Research Group, University of Barcelona, Department of Econometrics, Statistics and Applied Economics, Barcelona, Spain;Department of Economics, University Rovira i Virgili, Reus, Spain |
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Abstract: | The present study argues that R&D offshoring is not only a matter of firm's decision as in previous literature, but also has an important industrial externality component. For a sample of manufacturing and services industries in the period 2005–15, I study the externalities coming from R&D offshorers in a given industry and the heterogeneous effects of enterprises' internal knowledge base characteristics. The evidence points to offshoring externality (OE) presenting an inverted U-shape with respect to the firms' innovative processes. However, firms with higher levels of human capital and/or internal R&D investments obtain higher returns coming from the OE. Overall, it seems that a strategy (R&D offshoring) that is highly beneficial for enterprises individually, might be also optimal for the Spanish economy. |
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