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on Knowledge Management and Knowledge Economy |
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Issue of 2011‒04‒02
two papers chosen by Laura Stefanescu European Research Centre of Managerial Studies in Business Administration |
| By: | Moncada-Paternò-Castello, Pietro (European Commission); Vivarelli, Marco (Università Cattolica del Sacro Cuore); Voigt, Peter (European Commission) |
| Abstract: | The globalization of R&D activities has continued its growth path as companies are increasingly trying to capture knowledge and market opportunities internationally. The rapid evolution of national economies and the ways to conduct knowledge-intensive businesses has led researchers and analysts to pursue a deeper understanding of the globalization of corporate R&D and the related driving factors and impacts. This introduction to the Special Section: "Globalization and Corporate R&D" forthcoming in Industrial and Corporate Change (vol. 20 (2), April 2011) provides an update of trends in the globalization of corporate R&D. It reviews the literature on the main drivers and impacts of the process under investigation, introduces the papers for this Special Section, and offers some concluding remarks. |
| Keywords: | globalization, R&D, outsourcing, FDI |
| JEL: | F23 O32 |
| Date: | 2011–03 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp5582&r=knm |
| By: | Cozzi, Guido; Galli, Silvia |
| Abstract: | To foster innovation and growth should basic research be publicly or privately funded? This paper studies the impact of the gradual shift in the U.S. patent system towards the patentability and commercialization of the basic R&D undertaken by universities. We see this movement as making universities becoming responsive to "market" forces. Prior to 1980, universities undertook research using an exogenous stock of researchers that were motivated by "curiosity." After 1980, universities patent their research and behave as private firms. This move, in a context of two-stage inventions (basic and applied research) has an a priori ambiguous effect on innovation and welfare. We build a Schumpeterian model and match it to the data to assess this important turning point. |
| Keywords: | R&D and Growth; Sequential Innovation; Basic Research; Patent Laws. |
| JEL: | O41 O34 O31 |
| Date: | 2011–01–15 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:29710&r=knm |