Top R&D investors and international knowledge seeking
The role of emerging technologies and technological proximity - Study
This paper sheds new lights on the internationalization of technological activities of the top corporate R&D investors worldwide. In particular, we provide evidence on the technological factors determining their international R&D location strategies. The empirical analysis is based on the patenting activities of the top R&D investors, as reported by the EU Industrial R&D Investment Scoreboard, at the USPTO over the period 2010–2012. The technological proximity to the host country in which these companies seek for new knowledge is a key determinant for their R&D location... decision. However, technological proximity has a non-linear effect on the companies' location strategies as they search for new technologies not too close to their knowledge base. Furthermore, top R&D investors worldwide target countries with comparative advantages in emerging technologies. Countries willing to attract high-value investments should create an environment conducive to the creation and development of brand new ideas with a high potential impact on the long term growth.
- Corporate author(s): Institute for Prospective Technological Studies Themes: Research policy and organisation, Industrial research and development
- Subject: EU research policy, industrial research, innovation, investment, knowledge economy, patent, research and development, research report, technological change, technology