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What Determines the Attractiveness of the European Union to the Location of R&D Multinational Firms?. ESRI WP306, July 2009

Smith, Donal and Siedschlag, Iulia and Turcu, Camelia and Zhang, Xiaoheng (2009) What Determines the Attractiveness of the European Union to the Location of R&D Multinational Firms?. ESRI WP306, July 2009. [Working Paper]

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    Abstract

    We analyse 446 location decisions of R&D activities by multinational firms incorporated in the European Union over 1999-2006. Our results suggest that on average, the location probability of a representative R&D foreign affiliate increases with agglomeration economies from foreign R&D activities, human capital, proximity to centres of research excellence and the research and innovation capacity of the region. We find evidence of geographical structures relevant for the location choice of R&D activities by multinational firms across the European Union. Further, our evidence suggests that while R&D government expenditure intensity increases the probability of location of European foreign-owned firms in the region, it does not have a significant effect on the probability of location of North American firms.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > rtd (RTD) policy/European Research Area
    EU policies and themes > Policies & related activities > economic and financial affairs > business/private economic activity
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Working Papers
    Depositing User: Alyssa McDonald
    Official EU Document: No
    Language: English
    Date Deposited: 13 Dec 2018 13:24
    Number of Pages: 41
    Last Modified: 13 Dec 2018 13:24
    URI: http://aei.pitt.edu/id/eprint/87858

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