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Publication year
R&D, International Sourcing, and the Joint Impact on Firm Performance
Resource type
Authors/contributors
- Bøler, Esther Ann (Author)
- Moxnes, Andreas (Author)
- Ulltveit-Moe, Karen Helene (Author)
Title
R&D, International Sourcing, and the Joint Impact on Firm Performance
Abstract
This paper studies the impact of an R&D cost shock on R&D investments, imported inputs, and their joint impact on firm performance. We introduce imported inputs into a model of R&D and endogenous productivity, and show that R&D and international sourcing are complementary activities. Exploiting the introduction of an R&D tax credit in Norway in 2002, we find that cheaper R&D stimulated not only R&D investments but also imports of intermediates, quantitatively consistent with the model. An implication of our work is that improved access to imported inputs promotes R&D investments and, ultimately, technological change. (JEL D92, F14, G31, H25, L25, O32, O33)
Publication
American Economic Review
Volume
105
Issue
12
Pages
3704-39
Date
2015-12
Citation
Bøler, E. A., Moxnes, A., & Ulltveit-Moe, K. H. (2015). R&D, International Sourcing, and the Joint Impact on Firm Performance. American Economic Review, 105, 3704–3739.
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