Absorptive capacity, R&D spillovers, and public policy

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dc.contributor.author Leahy, Dermot
dc.contributor.author Neary, J. Peter
dc.date.accessioned 2010-02-25T15:13:21Z
dc.date.available 2010-02-25T15:13:21Z
dc.date.issued 2003-10-20
dc.identifier.uri http://hdl.handle.net/10197/1886
dc.description.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, even if there is complete information sharing between its members. It also implies an additional strategic pay-off to policies that raise the level of extra-industry knowledge. en
dc.format.extent 592072 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. Institute for the Study of Social Change (Geary Institute) en
dc.relation.ispartofseries ISSC Discussion Paper Series en
dc.relation.ispartofseries WP2003/16 en
dc.subject Absorptive capacity of R&D en
dc.subject Competition policy en
dc.subject Industrial policy en
dc.subject R&D spillovers en
dc.subject Research joint ventures en
dc.subject.classification O31 en
dc.subject.classification L13 en
dc.subject.lcsh Research, Industrial en
dc.subject.lcsh Industrial policy en
dc.subject.lcsh Competition en
dc.title Absorptive capacity, R&D spillovers, and public policy en
dc.type Working Paper en
dc.internal.availability Full text available en
dc.internal.webversions http://www.ucd.ie/geary/publications/2003/wp16.pdf en
dc.status Not peer reviewed en
dc.neeo.contributor Leahy|Dermot|aut| en
dc.neeo.contributor Neary|J. Peter|aut| en

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