In-house R&D, external R&D and cooperation breadth in Spanish manufacturing firms: is there a synergistic effect on innovation outputs?

Radicic, Dragana and Balavac, Merima (2018) In-house R&D, external R&D and cooperation breadth in Spanish manufacturing firms: is there a synergistic effect on innovation outputs? Economics of Innovation and New Technology . ISSN 1043-8599

Full content URL: https://doi.org/10.1080/10438599.2018.1546557

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In-house R&D, external R&D and cooperation breadth in Spanish manufacturing firms: is there a synergistic effect on innovation outputs?

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Abstract

This study explores the nature of relationship between in-house R&D, external R&D and cooperation breadth and their joint impact on patent counts as well as technological, product and process, innovations in Spanish manufacturing firms. With regards to patent counts, empirical findings from a Generalised Method of Moments (GMM) estimator suggest a complementarity effect of internal and external R&D activities conditional on the breadth of R&D cooperation. Concerning technological innovation, results from dynamic random-effects probit models indicate no synergistic effects. In addition, we find evidence of persistence of all three innovation output measures. Our results suggest policy implications in relation to strengthening firms’ absorptive capacity that could have long-run effects.

Keywords:Internal and external R&D, Cooperation breadth, Complementarity, Dynamic panel analysis, Spanish manufacturing
Subjects:L Social studies > L120 Microeconomics
Divisions:Lincoln International Business School
ID Code:34262
Deposited On:10 Jan 2019 10:22

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