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Context and the role of policies to attract foreign R&D in Europe

Rodríguez-Pose, Andrés and Wilkie, Callum (2016) Context and the role of policies to attract foreign R&D in Europe. European Planning Studies, 24 (11). pp. 2014-2035. ISSN 0965-4313

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Identification Number: 10.1080/09654313.2016.1226783

Abstract

This paper explores the effectiveness of policies ‘in’ attracting the foreign research and development (R&D) of multinational enterprises (MNEs) to specific countries in Europe. We develop a macroeconomic investigation covering 29 European countries during the period between 1990 and 2012 in order to address: (a) whether the provision of direct financial support for business R&D is effective for the attraction of foreign R&D; (b) whether direct support is more effective than indirect support for this purpose and (c) whether the link between direct financial support for business R&D and the foreign R&D of MNEs is conditioned by the context within which the support is provided. The results of the analysis show that, first, the provision of direct financial support is generally effective for the attraction of foreign R&D by MNEs. Second, direct support for business R&D is more effective for this purpose than indirect support. Third, the provision of direct financial support for business R&D yields greater returns in contexts that are more socio-economically suitable for knowledge-intensive, innovative activity.

Item Type: Article
Official URL: http://www.tandfonline.com/toc/ceps20/current
Additional Information: © 2016 Informa UK Limited, trading as Taylor & Francis Group
Subjects: H Social Sciences > HC Economic History and Conditions
J Political Science > JN Political institutions (Europe)
Sets: Departments > Geography and Environment
Date Deposited: 26 Sep 2017 10:30
Last Modified: 26 Sep 2017 10:43
URI: http://eprints.lse.ac.uk/id/eprint/84289

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