Globalization of R&D by US-based multinational enterprises

Premachandra Athukorala, Archanun Kohpaiboon

    Research output: Contribution to journalArticle

    Abstract

    This paper examines patterns and determinants of overseas R&D investment by US-based manufacturing MNEs using a new panel dataset over the period 1990-2004. The analysis reveals that R&D intensity of operation of US MNE affiliates is determined mainly by the domestic market size, overall R&D capability and cost of hiring R&D personnel. There is no evidence to suggest that R&D specific incentives have a significant impact on inter-country differences in R&D intensity when controlled for other relevant variables. Overall, our findings cast doubts on the efficacy of efforts by host country governments to entice MNE affiliates to engage in domestic R&D activity, in a context where R&D is becoming a truly global activity.
    Original languageEnglish
    Pages (from-to)1335-1347
    JournalResearch Policy
    Volume39
    Issue number10
    DOIs
    Publication statusPublished - 2010

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