Effects of R&D spending on innovation by Irish and foreign-owned businesses
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2013Access:
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Doran, Justin; Jordan, Declan; O?Leary, Eoin. 'Effects of R&D spending on innovation by Irish and foreign-owned businesses'. - Dublin: Statistical and Social Inquiry Society of Ireland, Vol. XLII, 2012-13, pp15-41Download Item:
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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.
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Statistical and Social Inquiry Society of IrelandType of material:
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Journal of the Statistical and Social Inquiry Society of Ireland;Vol. XLII, 2012-13;
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innovation policy, innovation output, Research & DevelopmentISSN:
00814776Licences: