Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94875
Authors: 
Fors, Gunnar
Svensson , Roger
Year of Publication: 
1996
Series/Report no.: 
IUI Working Paper 457
Abstract: 
This paper analyzes the simultaneous relationship between R&D and foreign sales in Swedish multinational enterprises in the manufacturing sector. We argue that this two-way relationship should especially apply to multinationals based in small open economies due to the firms' high dependence on foreign markets. The only previous study addressing this issue used data on multinationals originating from the United States, a country with a large domestic market, and it did not find evidence of the hypothesized simultaneous relationship. Our empirical results suggest a positive and significant effect in both directions.
Subjects: 
R&D
Foreign Sales
Multinational Enterprises
JEL: 
F23
O32
Document Type: 
Working Paper

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