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Title:
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Multinationals, R&D and productivity: Evidence for UK Manufactoring firms
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Author:
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Añón Higón, Dolores; Manjón Antolín, Miguel C.; Máñez, Juan A.
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia |
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Resum:
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In this study we analyze multinationality (domestic-based firms vs. multinationals) and foreignness (foreign vs. domestic firms) effects in the returns of R&D to productivity. We follow a two-step strategy. In the first step, we consistently ''s productivity by GMM and numerically compute the sample distribution of the R&D returns. In the second step, we use stochastic dominance techniques to make inferences on the multinationality and foreignness effects. Results for a panel of UK manufacturing firms suggest that multinationality and foreignness effects operate in an opposite way: whilst the multinationality effect enhances R&D returns, the foreignness diminishes them. |
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Publication date:
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2010 |
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Subject (UDC):
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339 - Comerç. Relacions econòmiques internacionals. Economia mundial. Màrqueting |
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Subject(s):
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Empreses multinacionals
Investigació industrial
Productivitat industrial |
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Rights:
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Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/) |
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Document type:
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Working Paper |
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ISSN:
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1988 - 0812
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Collection:
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Documents de treball del Departament d'Economia;2010-19
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