Foreman-Peck, James  ORCID: https://orcid.org/0000-0001-9826-5725 and Zhou, Peng ORCID: https://orcid.org/0000-0002-4310-9474
2023.
Specialisation precedes diversification: R&D productivity effects.
Research Policy
52
(7)
, 104808.
10.1016/j.respol.2023.104808
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Abstract
We model how R&D enters the innovation system in four ways (intramural, extramural, cooperative, and spillover). Despite measuring three different spillovers together, for a very large sample of European enterprises we conclude that the productivity effects of spillovers were at best smaller than intramural R&D productivity effects. We also find that building on the greater skills and experience of enterprises already undertaking R&D (intensity) raised labour productivity more than providing support for those beginning R&D (extensity). Optimal extramural R&D intensity was higher than the actual level; sample firms could boost productivity either by abandoning extramural R&D or by doing much more. There were substantial differences in our sample between enterprises and countries in terms of R&D spillovers. Greater multinational corporation incidence in new EU members accounted for these countries' high direct R&D intensity productivity, regardless of their generally low overall labour productivity. Absorptive capacity made little difference to the utilisation of spillovers.
| Item Type: | Article |
|---|---|
| Date Type: | Publication |
| Status: | Published |
| Schools: | Schools > Business (Including Economics) |
| Publisher: | Elsevier |
| ISSN: | 0048-7333 |
| Date of First Compliant Deposit: | 17 May 2023 |
| Date of Acceptance: | 9 May 2023 |
| Last Modified: | 30 Jun 2023 02:54 |
| URI: | https://orca.cardiff.ac.uk/id/eprint/159562 |
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