Papers in Innovation Studies, CIRCLE, Center for Innovation, Research and Competences in the Learning Economy, Lund University
The internationalisation of R&D: sectoral and geographic patterns of cross-border investments
() and Davide Castellani
Abstract: This paper presents the sectoral and geographic
distribution of R&D-related activities, in comparison with manufacturing
activities, by analysing data (from the fDi Markets database) on the number
of cross-border greenfield investment projects. Results show that
crossborder R&D investments are concentrated in fewer sectors and countries
(of origin and destination) than manufacturing, and they are less sensitive
to the obstacles related with the distance between home and host countries.
More than the two-thirds of all cross-border investments in R&D-related
activities are in ICT/Electronic and Life Sciences/Chemicals sectors, but
these sectors differ in their propensity towards R&D and Design,
Development and Testing activities. Almost half of the investments is due
to multinationals from North America, and over one third from Western
Europe, but the two areas show a different sectoral specialization.
Considering the areas of destination, Asia is the largest recipient, and
specializes in the ICT/Electronics and Industrial Machinery, while Western
Europe ranks second and attracts relatively more research investments in
Life Sciences/Chemicals, as well as in the Machinery industry
Keywords: Internazionalization of R&D; Multinational Firms; Europe; North America; Asia; (follow links to similar papers)
JEL-Codes: F23; L23; O30; (follow links to similar papers)
17 pages, March 3, 2013
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