Konferenzbeitrag
Firm R&D Investment and Export Market Exposure
In this paper, we estimate a dynamic structural model of a rm s decision to invest in R&D and use it to measure the expected long-run bene t from R&D investment. We apply the model to German rms in ve high-tech manufacturing industries and distinguish rms by whether they sell in just the domestic market or also export some of their production. We nd that R&D investment leads to a higher rate of product and process innovation among exporting rms and these innovations have a larger impact on productivity improvement in export market sales. As a result, exporting rms have a higher payo from R&D investment, invest in R&D more frequently than rms that only sell in the domestic market, and, subsequently, have higher rates of productivity growth. The endogenous investment in R&D is an important mechanism that leads to a divergence in the long-run performance of rms that di er in their export market exposure.
- Language
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Englisch
- Bibliographic citation
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Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Industrial Organization V ; No. E11-V1
- Classification
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Wirtschaft
Industry Studies: Manufacturing: General
Innovation and Invention: Processes and Incentives
Technological Change: Choices and Consequences; Diffusion Processes
- Event
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Geistige Schöpfung
- (who)
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Vuong, Van Anh
Peters, Bettina
Roberts, Mark
- Event
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Veröffentlichung
- (when)
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2015
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
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Object type
- Konferenzbeitrag
Associated
- Vuong, Van Anh
- Peters, Bettina
- Roberts, Mark
Time of origin
- 2015