| By: |
Ejermo, Olof (CIRCLE, Lund University);
Bergman, Karin (AgriFood Economics Centre, Lund Sweden) |
| Abstract: |
While the distinction between manufacturing and services becomes increasingly
blurred to some observers, we find, using a panel of Swedish firms, clear
evidence that foreign sales (exports) are more important than domestic sales
for stimulating R&D. This is particularly clear for manufacturing and this
importance of foreign sales has increased over time, simultaneous to an
opening up of the Swedish economy. Even though service industries have seen an
increase in both R&D and trade over time, it is thus mainly manufacturing that
has benefited from increased possibilities for absorptive capacity. This
result suggests a clear dichotomy between manufacturing and services in terms
of how they react to trade and how they turn towards the foreign market vs.
the domestic market to find stimuli for innovation |
| Keywords: |
Research and Development; Foreign and domestic sales; services; manufacturing |
| JEL: |
D22 F14 F43 L60 L80 O14 O31 O33 O52 |
| Date: |
2013–06–15 |
| URL: |
http://d.repec.org/n?u=RePEc:hhs:lucirc:2013_022&r=tid |