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R&D, product innovation, and exporting : evidence from UK new technology based firms
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Ganotakis, Panagiotis and Love, James H. (2011) R&D, product innovation, and exporting : evidence from UK new technology based firms. Oxford Economic Papers, Volume 63 (Number 2). pp. 279-306. doi:10.1093/oep/gpq027 ISSN 0030-7653.
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Official URL: http://dx.doi.org/10.1093/oep/gpq027
Abstract
We examine the relationship between R&D, product innovation, and exporting for a sample of new technology based firms (NTBFs) in the UK. Allowance is made for selection bias and for endogeneity between innovation and exporting. Product innovators are more likely to export, but conditional on entering export markets successful innovation does not increase subsequent export intensity. Lagged productivity is strongly associated with exporting, supporting the view that efficient firms are better able to overcome the barriers to entering export markets. We also find strong evidence of the importance of internal R&D and of supply-chain collaborations in fostering innovation, and that formal commercial collaborations can be important in overcoming the (information) sunk costs of entering export markets. The use of e-commerce does nothing to boost entry into export markets, but the intensity of its use is associated with increased export intensity.
Item Type: | Journal Article | ||||
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Divisions: | Faculty of Social Sciences > Warwick Business School > Strategy & International Business Faculty of Social Sciences > Warwick Business School |
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Journal or Publication Title: | Oxford Economic Papers | ||||
Publisher: | Oxford University Press | ||||
ISSN: | 0030-7653 | ||||
Official Date: | 2011 | ||||
Dates: |
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Volume: | Volume 63 | ||||
Number: | Number 2 | ||||
Page Range: | pp. 279-306 | ||||
DOI: | 10.1093/oep/gpq027 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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