Journal article
Absorptive capacity, R&D; spillovers and public policy
- Abstract:
-
Empirical evidence strongly suggests that R&D; increases a firm's “absorptive capacity” (its ability to absorb spillovers from other firms) as well as contributing directly to profitability. We explore the theoretical implications of this. We specify a general model of the absorptive capacity process and show that costly absorption both raises the effectiveness of own R&D; and lowers the effective spillover coefficient. This weakens the case for encouraging research joint ventures, ev...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Authors
Bibliographic Details
- Publisher:
- Elsevier Publisher's website
- Journal:
- International Journal of Industrial Organization Journal website
- Volume:
- 25
- Issue:
- 5
- Pages:
- 1089-1108
- Publication date:
- 2007-10-01
- DOI:
- ISSN:
-
0167-7187
Item Description
- Language:
- English
- Keywords:
- Subjects:
- UUID:
-
uuid:073e20c0-fc7c-4df5-a21e-14b89c926048
- Local pid:
- ora:2107
- Deposit date:
- 2008-06-19
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Terms of use
- Copyright holder:
- Elsevier
- Copyright date:
- 2007
- Notes:
- The full-text of this article is not available in ORA at this time. Citation: Leahy, D. & Neary, J. P. (2007). 'Absorptive capacity, R%D spillovers and public policy', International Journal of Industrial Organization, 25(5), 1089-1108. [Available at http://www.elsevier.com/wps/find/journaldescription.cws_home/505551/description#description].
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