R&D, International Sourcing, and the Joint Impact on Firm Performance

被引：229

作者：

Boler, Esther Ann ^{[1
,2
,3
]}

Moxnes, Andreas ^{[1
,4
,5
]}

Ulltveit-Moe, Karen Helene ^{[1
,2
,4
]}

机构：

[1] Univ Oslo, N-0317 Oslo, Norway

[2] ESOP, Oslo, Norway

[3] CEP, Oslo, Norway

[4] CEPR, Hanover, NH USA

[5] NBER, Cambridge, MA 02138 USA

来源：

AMERICAN ECONOMIC REVIEW | 2015年 / 105卷 / 12期

关键词：

TRADE LIBERALIZATION; INTERMEDIATE INPUTS; PRODUCTIVITY; RETURNS;

D O I：

10.1257/aer.20121530

中图分类号：

F [经济];

学科分类号：

020101 [政治经济学];

摘要：

This paper studies the impact of an R&D cost shock on R&D investments, imported inputs, and their joint impact on firm performance. We introduce imported inputs into a model of R&D and endogenous productivity, and show that R&D and international sourcing are complementary activities. Exploiting the introduction of an R&D tax credit in Norway in 2002, we find that cheaper R&D stimulated not only R&D investments but also imports of intermediates, quantitatively consistent with the model. An implication of our work is that improved access to imported inputs promotes R&D investments and, ultimately, technological change.

引用

页码：3704 / 3739

页数：36

共 33 条

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