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Effects of R&D spending on Innovation by Irish and Foreign-owned Businesses.
- Source :
-
Journal of the Statistical & Social Inquiry Society of Ireland . 2013, Vol. 42, p15-41. 27p. - Publication Year :
- 2013
-
Abstract
- This paper estimates the private returns to four different kinds of R&D spending on the probability of Irish and foreign-owned businesses engaging in product, process and organizational innovation. By providing econometric analysis of nearly 2000 businesses in the Community Innovation Survey: 2004 to 2006, it makes an important contribution to our understanding of the effects of Irish innovation policy, which has incentivized businesses to spend on R&D in Ireland. The main findings are that Irish-owned businesses are significantly more likely than foreign-owned to introduce new products as a result of creative R&D work undertaken. Foreign-owned businesses, which spend nearly 6 times more per worker on R&D than Irish-owned, enjoy very high returns mostly from the purchase or licence of patents. This reflects a fundamental difference in the innovation activities of these businesses, which is critical for policymakers' understanding of the Irish innovation system. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00814776
- Volume :
- 42
- Database :
- Academic Search Index
- Journal :
- Journal of the Statistical & Social Inquiry Society of Ireland
- Publication Type :
- Academic Journal
- Accession number :
- 95889741