R&D and regional competitiveness: a study of global entrepreneurial firms

Albert N. Link1, Rashedur Rahman Sardar1
1Department of Economics, University of North Carolina at Greensboro, Greensboro, USA

Tóm tắt

We quantify, using data from the World Bank’s Enterprise Surveys and the World Economic Forum’s Global Competitiveness Index, the empirical relationship between global competitiveness and R&D investment activity as well as the independent relationship between global competitiveness and R&D investments across geographic regions of economic development. We also explore alternative measures of the effectiveness of R&D investments. Our findings suggest that R&D investments are a possible policy target variable in high-income regions for policy makers to consider for increasing firms’ global competitiveness.

Tài liệu tham khảo

Audretsch, D. B., & Link, A. N. (2019). Sources of Knowledge and Entrepreneurial Behavior. Toronto, University of Toronto Press. Birkinshaw, J., Hamel, G., & Mol, M. J. (2008). Management Innovation. Academy of Management Review, 33, 825–845. Cunningham, J. A., & Link, A. N. (2021). Technology and Innovation Policy: An International Perspective. Cheltenham, UK and Northampton, MA, USA: Edward Elgar. Cunningham, J. A., & Link, A. N. (2022). The Returns to Publicly Funded R&D: A Study of U.S. Federally Funded Research and Development Centers. Annals of Science and Technology Policy, 6, 228–314. Goel, R. K., & Nelson, M. A. (2018). Determinants of Process Innovation Introductions: Evidence from 115 Developing Countries. Managerial and Decision Economics, 39, 515–525. Goel, R. K., & James, W. S. (2017). Dynamics of Knowledge Spillovers from Patents to Entrepreneurship: Evidence across Entrepreneurship Types. Contemporary Economic Policy, 35, 700–715. Guellec, D., & De La Potterie, B. V. P. (2001). R&D and Productivity Growth: Panel Data Analysis of 16 OECD Countries. OECD Economic Studies, 33, 103–125. Hamel, G. (2006). The Why, What, and How of Management Innovation. Harvard Business Review, 84, 72. Jones, C. I. (1995). R&D-Based Models of Economic Growth. Journal of Political Economy, 103, 759–784. Mansfield, E. (1972). Contribution of R&D to Economic Growth in the United States. Science, 175, 477–486. Nomaler, Ö., Spinola, D., & Verspagen, B. (2021). R&D-based Economic Growth in a Supermultiplier Model. Structural Change and Economic Development, 59, 1–19. Rajnoha, R., & Lesnikova, P. (2022). Sustainable Competitiveness: How Does Global Competitiveness Index Relate to Economic Performance Accompanied by the Sustainable Development? Journal of Competitiveness, 14, 136–154. Romer, P. M. (1980). Endogenous Technological Change. Journal of Political Economy, 98, S71–S102. Stokey, N. L. (1995). R&D and Economic Growth. Review of Economic Studies, 62, 469–489. World Economic Forum. (2019). The Global Competitiveness Report 2019. Geneva, Switzerland: World Economic Forum.