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- Intramural, contracted R&D and import of technology: which innovation strategy pays off more?
Intramural, contracted R&D and import of technology: which innovation strategy pays off more?
Auteur :
Higón
Dolores Añón,
Manjón
Miguel,
Máñez
Juan A.
...[et al.]
Date de publication : 06/10/2011
Type : Etude
Thème : Recherche et développement
Couverture :
Maroc
URL Article :
http://iri.jrc.ec.europa.eu/concord-2011/papers/Anon_Dolores.pdfURL Source :
http://iri.jrc.ec.europa.eu 
Télécharger le document :
(190,58 kB) Intramural, contracted R&D and import of technology.pdfRésumé/Sommaire :
The aim of this study is to ascertain the impact of three different innovation strategies –namely, intramural R&D, externally contracted R&D, and import of technology through licenses- upon the returns to R&D (in terms of productivity). In order to evaluate these effects we consider robust estimates of total factor productivity (TFP) through a GMM approach and numerically compute the sample distribution of the R&D returns. Using data for Spanish manufacturing firms drawn from the Encuesta de Estrategias Empresariales (ESEE), over the period 1990-2005, our results suggest that the innovation strategy that combines intramural and external R&D is the one that pays off more in terms of returns to R&D, while the import of technology seems not providing any additional sinergy effect.
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