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| Title: | | Determinants of Swiss firms' R&D activities at foreign locations: An empirical analysis based on firm-level data  |
| Authors: | | Arvanitis, Spyros Hollenstein, Heinz |
| Issue Date: | | 2006 |
| Series/Report no.: | | Arbeitspapiere // Konjunkturforschungsstelle, Eidgenössische Technische Hochschule Zürich 127 |
| Abstract: | | Using the OLI paradigm as theoretical framework, we explain econometrically why a firm invests in foreign R&D (model A), and, if it does, which factors determine the level of foreign R&D expenditures (model B). It turns out that the pattern of explanation is quite similar for both types of decisions. In both cases, O- and I-advantages are the main drivers of foreign R&D, whereas L-disadvantages of the Swiss location do not play any role. A descriptive analysis of a series of motives of Swiss firms for performing R&D abroad shows that market-seeking is the most important motive. Knowledge-seeking and (human) resource-seeking are of intermediate importance as motives of foreign R&D, whereas efficiency-seeking objectives are hardly relevant. These results are fully in line with those of the econometric modelling. The findings of both approaches imply that foreign and domestic R&D are complements rather than substitutes. Asset exploiting is more prevalent as a strategy of foreign R&D than asset augmenting. |
| Subjects: | | Foreign R&D Determinants of foreign R&D Motives of foreign R&D OLI paradigm Asset augmenting Asset exploiting |
| JEL: | | O30 |
| Persistent Identifier of the first edition: | | doi:10.3929/ethz-a-005118434 |
| Document Type: | | Working Paper |
| Appears in Collections: | | KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich
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