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.
Hans Loof is also deputy director of the Center for Excellence of Science and Innovation Studies and program manager for the Master Programme Economics of Innovation and Growth. Prof. Loof is member of the editorial board of The Annals of Regional Science and has worked as expert on innovation for the Ministry of Industry in Sweden. His main research interest is the process of economic growth, and its relation to knowledge, technology, and innovation. This includes areas such as micro econometrics, economics of innovation, economic geography, international trade, industrial dynamics, and financial economics.
Introduction ; 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 ; Reflections
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