Title: Top R&D Investors and international knowledge seeking: the role of emerging technologies and technological proximity
Publisher: European Commission
Publication Year: 2015
JRC N°: JRC95168
ISBN: 978-92-79-52085-3
ISSN: 1831-9424
Other Identifiers: EUR 27483
OP LF-NA-27483-EN-N
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC95168
DOI: 10.2791/853343
Type: EUR - Scientific and Technical Research Reports
Abstract: This paper sheds new lights on the internationalization of technological activities of the top corporate R&D investors worldwide. In particular, we provide evidence on the technological factors determining their international R&D location strategies. The empirical analysis is based on the patenting activities of the top R&D investors, as reported by the EU Industrial R&D Investment Scoreboard, at the USPTO over the period 2010–2012. The technological proximity to the host country in which these companies seek for new knowledge is a key determinant for their R&D location decision. However, technological proximity has a non-linear effect on the companies' location strategies as they search for new technologies not too close to their knowledge base. Furthermore, top R&D investors worldwide target countries with comparative advantages in emerging technologies. Countries willing to attract high-value investments should create an environment conducive to the creation and development of brand new ideas with a high potential impact on the long term growth.
JRC Directorate:Growth and Innovation

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