Innovation in the Global Firm
Bibliographic Data
| ID | 10183243 |
|---|---|
| Authors | L Kamran Bilir, Eduardo Morales (0009-0003-9801-2412) |
| Year | 2019 |
| Volume | 128 |
| Issue | 4 |
| Pages | 1566-1625 |
| Publication date | 2019-07-16 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/705418 |
| OpenAlex | W3021060624 |
| Language | EN |
| Citations received | 7 |
| References cited | 42 |
How global are the gains from innovation? When firms operate production plants in multiple countries, technological improvements developed in one location may be shared with foreign sites for efficiency gain. We develop a model that accounts for such transfer, and apply it to measure private returns to R&D investment for a panel of U.S. multinationals during 1989{2008. Our estimates indicate that innovation increases performance at firm locations beyond the innovating site: the average U.S. multinational firm realizes abroad over a quarter of the return to its U.S. R&D investment, suggesting estimates based only on domestic operations understate multinationals' gain from innovation. We also find that multinationals' U.S. R&D significantly increases aggregate value added in foreign countries that host their affiliates, revealing a spatial disconnect between the costs and potential gains of policies that encourage firms' U.S. innovation
Business · Econometrics · Economic geography · Economics · Foreign direct investment · Industrial organization · International trade · Investment (military · Macroeconomics · Microeconomics · Monetary economics · Multinational corporation · Panel data · Production (economics · Quarter (Canadian coin · Technology transfer · Value (mathematics · Economic Growth and Productivity · Finance · Firm Innovation and Growth · International Business and FDI
Unlocking New Methods to Estimate Country‐Specific Effects and Trade Elasticities With the Structural Gravity Model
The knowledge transfer patterns of multinational firms
Entrepreneurial Spillovers from Corporate R&D
The Intellectual Spoils of War? Defense R&D, Productivity, and International Spillovers
Firm-Embedded Productivity and Cross-Country Income Differences
Environmental regulations, social networks and corporate green innovation
International lobbying for intellectual property rights reform
Towards an economic theory of the multiproduct firm
Identification Properties of Recent Production Function Estimators
Gifted kids or pushy parents? Foreign direct investment and plant productivity in Indonesia
Prices, Markups, and Trade Reform
International Technology Diffusion
In Search of Complementarity in Innovation Strategy
R&D and Productivity
GMM Estimation with persistent panel data
Multinationals, multi-plant economies, and the gains from trade
The Dynamics of Productivity in the Telecommunications Equipment Industry
Large Sample Properties of Generalized Method of Moments Estimators
Initial conditions and moment restrictions in dynamic panel data models
Firm Size and the Nature of Innovation within Industries
The Effects of Double-Counting and Expensing on the Measured Returns to R&D
Measuring the Bias of Technological Change
The Margins of Multinational Production and the Role of Intrafirm Trade
Tests of Alternative Theories of Firm Growth
A Simple Theory of International Trade with Multinational Corporations
Trade, Multinational Production, and the Gains from Openness
Technology Transfer by Multinational Firms
Innovation and Learning
| Unique citing works | 7 |
|---|---|
| Citations per year | 1,75 |
| Citation span | 2022 - 2026 (5) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 7 |