ISBN : 9780199646685
This volume provides an understanding of firms' R&D and innovation strategies and their economy-wide consequences. It is based on the premise that differences in firm-level returns, as well as economy-wide outcomes, may be linked to the heterogeneous ways in which firms organize and undertake R&D and innovation activities. It emphasizes innovation strategies of innovating firms, and reflects that innovation efforts do not represent a uniform type of expenditure. Organized into three parts the volume moves from the micro to the macro-level. This structure highlights the notion that R&D and innovation and growth are two interdependent perspectives. The first of these is micro-oriented and focuses on innovation processes of firms, where R&D activities and other innovation efforts give rise to consequences such as a strengthening of resource bases, growth of sales and employment, patents, new products, increasing productivity and profits, and improved chances of survival. The second perspective comprises economy-wide effects in the form of overall technological change, growth in total factor productivity, and structural change processes, where certain sectors may benefit from new inputs from other sectors while others experience declining markets and reduced output. The book brings together contributions and perspectives from both economics and business scholars, and will appeal to academics, researchers, and students interested in R&D and innovation strategies, international business, business strategy, and the economics of technological change.
PART I. UNDERSTANDING THE R&D STRATEGIES OF THE INNOVATION FIRM
1. Managing Knowledge Within and Outside the MNE
2. The Dynamics of Innovation Strategies
3. Superstar Subsidiaries of the Multinational Corporation- in Search of Origins and Drivers
4. Knowledge Accession Strategies and the Spatial Organization of R&D
PART II. FIRM-LEVEL RETURN TO R&D STRATEGIES
5. How Good Are Patents as Innovation Indicators? Evidence from German CIS Data
6. The Importance of Research for Innovation and Productivity: Comparing Different Estimators of the Innovation Production Function
7. R&D Collaboration and Innovative Performance
8. R&D Strategy and Firm Performance, What is the Long-run Impact of Persistant R&D?
PART III. BEYOND THE FIRM - ECONOMY-WIDE EFFECTS OF R&D STRATEGIES
9. Technological Congruence and Productivity Growth
10. Spillover, Linkages and Productivity Growth in the US Economy, 1958 to 2007
11. R&D Spillovers, Entrepreneurship, and Growth
12. Innovation and Growth, A Technical or Entrepreneurial Residual?
13. Framework Conditions for High-potential Entrepreneurship: a Theoretical Structure and Its Implications
PART IV. REFLECTIONS