Abstract
This paper examines the influence of local technology leaders on the attractiveness of regions for inward research and development (R&D) investments in an analysis of location choices for 196 cross-border R&D investments in EU-15 countries, 2003-08. While the strength of the regional technology cluster attracts inward R&D investments, investors are discouraged by a concentration of technology activities due to the presence of regional technology leaders. This effect occurs primarily if leaders organize their R&D in the region to reduce knowledge outflows to collocated firms - by drawing on intra-firm cross-border knowledge flows and complementary contributions of multiple R&D units.
Original language | English |
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Pages (from-to) | 1805-1821 |
Number of pages | 17 |
Journal | Regional Studies |
Volume | 49 |
Issue number | 11 |
DOIs | |
Publication status | Published - 2 Nov 2015 |
Keywords
- Multinational firms
- research and development (R&D)
- Location choice
- FOREIGN DIRECT-INVESTMENT
- KNOWLEDGE SPILLOVERS
- MULTINATIONAL FIRMS
- UNITED-STATES
- AGGLOMERATION ECONOMIES
- PATENT CITATIONS
- INDUSTRIAL-ORGANIZATION
- GEOGRAPHIC LOCALIZATION
- INNOVATION SYSTEMS
- JAPANESE FIRMS