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Economic theory tells us that abnormal industry and firm profits will not persist for any length of time. Any industry or firm making profits in excess of the normal rate of return will attract entrants and this competitive process will erode profits. A substantial amount of research however,...
Persistent link: https://www.econbiz.de/10005644916
investments, externalities and key actors in national innovation systems and productivity. This study explores whether foreign … embeddedness in scientific, vertical and horizontal innovation systems. However, the advantage of higher R&D intensity and possible … knowledge technological knowledge spillover does not manifest itself in superior innovation output or productivity performance …
Persistent link: https://www.econbiz.de/10005419308
outperformed by domestic multinationals in R&D and innovation engagement. Finally, the results on labor productivity are at …
Persistent link: https://www.econbiz.de/10005644951
generally outperformed by domestic multinationals in R&D and innovation engagement. Third, despite the fact that domestic … multinationals are considerably more involved in national innovation systems than other firms, they are not producing more innovation …
Persistent link: https://www.econbiz.de/10005644954
countries. We look at innovation inputs, outputs, and examine how strong foreign-owned enterprises are embedded in the … innovations systems of their host countries. We find that foreign ownership causes no differences in innovation input, but yields … a higher innovation output and higher labour productivity. In four of the five countries, affiliates of foreign …
Persistent link: https://www.econbiz.de/10005644968
-owned companies in R&D-activities; the relative embeddedness in various national innovation systems and the relative output … performance from R&D and innovation. A comparison is made between the innovation and productivity of foreign owned enterprises, of … Sweden, and based on the international harmonized Community Innovation Survey and uniform econometric approaches; the study …
Persistent link: https://www.econbiz.de/10005645015
Economic theory tells us that abnormal firm and industry profits will not persist for any significant length of time. Any firm or industry making profits in excess of the normal rate of return will attract entrants and this competitive process will erode profits. However, a substantial amount of...
Persistent link: https://www.econbiz.de/10005644891