publication . Book . Research . 2017

"Create"or"buy": internal vs. external sources of innovation and firm productivity

Jieun Choi;
Open Access
  • Published: 27 Jun 2017
  • Publisher: The World Bank
  • Country: United States
Abstract
The role of innovation in improving productivity might vary according to a country's relative position in technology advancement. Frontier countries might benefit more from policies that promote firms' internal innovation (create), while follower countries would gain more from policies favoring the adoption of existing technologies through innovation outsourcing (buy). However, in many countries, the government policies to promote innovation narrowly focus on "creating," regardless of considerations of the level of a country's technological advancement. This paper investigates the effect of different sources of innovation on output via productivity with represen...
Subjects
free text keywords: PRODUCTIVITY, INNOVATION, R&D, ROYALTIES, TOBIT MODEL, TECHNOLOGY ADOPTION, FOREIGN INVESTMENT, Incentive, Industrial organization, Commerce, Outsourcing, business.industry, business, Diffusion of innovations, Legislation, Human resources, Emerging markets, Knowledge transfer, Foreign direct investment
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