أعرض تسجيلة المادة بشكل مبسط

dc.creator Pérez-Castrillo, David
dc.creator Cassiman, Bruno
dc.creator Veugelers, Reinhilde
dc.date 2007-11-06T11:33:36Z
dc.date 2007-11-06T11:33:36Z
dc.date 2000-11-10
dc.date.accessioned 2017-01-31T00:58:12Z
dc.date.available 2017-01-31T00:58:12Z
dc.identifier http://hdl.handle.net/10261/1929
dc.identifier.uri http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1929
dc.description In this paper we carefully link knowledge flows to and from a firms innovation process with this firms investment decisions. Three types of investments are considered: investments in applied research, investments in basic research, and investments in intellectual property protection. Only when basic research is performed, can the firm effectively access incoming knowledge flows and these incoming spillovers serve to increase the efficiency of own applied research.. The firm can at the same time influence outgoing knowledge flows, improving appropriability of its innovations, by investing in protection. Our results indicate that firms with small budgets for innovation will not invest in basic research. This occurs in the short run, when the budget for know-how creation is restricted, or in the long-run, when market opportunities are low, when legal protection is not very important, or, when the pool of accessible and relevant external know-how is limited. The ratio! of basic to applied research is non-decreasing in the size of the pool of accessible external know-how, the size and opportunity of the market, and, the effectiveness of intellectual property rights protection. This indicates the existence of economies of scale in basic research due to external market related factors. Empirical evidence from a sample of innovative manufacturing firms in Belgium confirms the economies of scale in basic research as a consequence of the firms capacity to access external knowledge flows and to protect intellectual property, as well as the complementarity between legal and strategic investments.
dc.description Financial support from the FWO (G.0131.98) for Veugelers, and DGES (PB97-018) & SGR96-75 for Perez-Castrillo is gratefully acknowledged.
dc.language eng
dc.relation UFAE and IAE Working Papers
dc.relation 464.00
dc.rights openAccess
dc.subject Spillovers
dc.subject Basic R&D
dc.subject Intellectual property protection
dc.title Endogeneizing know-how flows through the nature of R&D investments
dc.type Documento de trabajo


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أعرض تسجيلة المادة بشكل مبسط