Innovation and Growth: From R and D Strategies of Innovating Firms to Economy-Wide Technological Change

This volume provides an understanding of firms' R&D and innovation strategies and their economy-wide consequences. It is based on the premise that differences in firm-level returns, as well as economy-wide outcomes, may be linked to the heterogeneous ways in which firms organize and undertake R&D and innovation activities. It emphasizes innovation strategies of innovating firms, and reflects that innovation efforts do not represent a uniform type of expenditure. Organized into three parts the volume moves from the micro to the macro-level. This structure highlights the notion that R&D and innovation and growth are two interdependent perspectives. The first of these is micro-oriented and focuses on innovation processes of firms, where R&D activities and other innovation efforts give rise to consequences such as a strengthening of resource bases, growth of sales and employment, patents, new products, increasing productivity and profits, and improved chances of survival. The second perspective comprises economy-wide effects in the form of overall technological change, growth in total factor productivity, and structural change processes, where certain sectors may benefit from new inputs from other sectors while others experience declining markets and reduced output. The book brings together contributions and perspectives from both economics and business scholars, and will appeal to academics, researchers, and students interested in R&D and innovation strategies, international business, business strategy, and the economics of technological change. This Volume Provides An Understanding Of Firms' R&d And Innovation Strategies And Their Economy-wide Consequences. It Is Based On The Premise That Differences In Firm-level Returns, As Well As Economy-wide Outcomes, May Be Linked To The Heterogeneous Ways In Which Firms Organize And Undertake R&d And Innovation Activities. It Emphasizes Innovation Strategies Of Innovating Firms, And Reflects That Innovation Efforts Do Not Represent A Uniform Type Of Expenditure. Organized Into Three Parts The Volume Moves From The Micro To The Macro-level. This Structure Highlights The Notion That R&d And Innovation And Growth Are Two Interdependent Perspectives. The First Of These Is Micro-oriented And Focuses On Innovation Processes Of Firms, Where R&d Activities And Other Innovation Efforts Give Rise To Consequences Such As A Strengthening Of Resource Bases, Growth Of Sales And Employment, Patents, New Products, Increasing Productivity And Profits, And Improved Chances Of Survival. Introduction : Innovation And Growth : From R & D Strategies Of Innovating Firms To Economy-wide Technological Change / Martin Andersson [and Others] -- Managing Knowledge Within And Outside The Multinational Corporation / Paul Almeida And Anu Phene -- The Dynamics Of Innovation Strategies / Bart Verspagen And Tommy Høyvarde Clausen -- Superstar Subsidiaries Of The Multinational Corporation : In Search Of Origins And Drivers / Katarina Blomkvist, Philip Kappen, And Ivo Zander -- Knowledge Accession Strategies And The Spatial Organization Of R & D / John Cantwell And Feng Zhang -- How Good Are Patents As Innovation Indicators? Evidence From German Cis Data / Alfred Kleinknecht And Henk Jan Reinders -- The Importance Of Process And Product Innovation For Productivity In French Manufacturing And Service Industries / Jacques Mairesse And Stephane Robin -- R & D Collaboration And Innovative Performance / René Belderbos, Geert Duysters, And Anna Sabidussi -- R & D Strategy And Firm Performance : What Is The Long-run Impact Of Persistent R & D? / Hans Lööf [and Others] -- Technological Congruence And Productivity Growth / Cristiano Antonelli -- Spillover, Linkages, And Productivity Growth In The Us Economy, 1958 To 2007 / Edward N. Wolff -- R & D Spillovers, Entrepreneurship, And Growth / Zoltan J. Acs -- Innovation And Growth : A Technical Or Entrepreneurial Residual? / Pontus Braunerhjelm -- Framework Conditions For High-potential Entrepreneurship : A Theoretical Structure And Its Implications / David M. Hart. Edited By Martin Andersson ... [et Al.]. Includes Bibliographical References And Index. Cover 1 Contents 8 List of Figures 10 List of Tables 12 Abbreviations 15 Notes on Contributors 16 Introduction: Innovation and Growth—From R&D Strategies of Innovating Firms to Economy-Wide Technological Change 22 Part I. Understanding the R&D Strategies of the Innovating Firm 40 1. Managing Knowledge Within and Outside the Multinational Corporation 42 2. The Dynamics of Innovation Strategies 59 3. Superstar Subsidiaries of the Multinational Corporation: In Search of Origins and Drivers 78 4. Knowledge Accession Strategies and the Spatial Organization of R&D 109 Part II. Firm-Level Return to R&D Strategies 134 5. How Good Are Patents as Innovation Indicators? Evidence from German CIS Data 136 6. The Importance of Process and Product Innovation for Productivity in French Manufacturing and Service Industries 149 7. R&D Collaboration and Innovative Performance 181 8. R&D Strategy and Firm Performance: What Is the Long-Run Impact of Persistent R&D? 203 Part III. Beyond the Firm: Economy-Wide Effects of R&D Strategies 228 9. Technological Congruence and Productivity Growth 230 10. Spillover, Linkages, and Productivity Growth in the US Economy, 1958 to 2007 254 11. R&D Spillovers, Entrepreneurship, and Growth 287 12. Innovation and Growth: A Technical or Entrepreneurial Residual? 307 13. Framework Conditions for High-Potential Entrepreneurship: A Theoretical Structure and its Implications 338 Part IV. Reflections 354 Author Index 360 A 360 B 360 C 360 D 360 E 360 F 360 G 360 H 361 J 361 K 361 L 361 M 361 N 361 O 361 P 361 R 361 S 362 T 362 V 362 W 362 X 362 Z 362 Subject Index 363 A 363 B 363 C 363 D 363 E 363 F 364 G 364 H 364 I 364 J 365 K 365 L 365 M 366 N 366 O 366 P 366 R 367 S 367 T 368 U 368 V 368 W 368 This volume provides an understanding of firms' R & D and innovation strategies and their economy-wide consequences. It is based on the premise that differences in firm-level returns, as well as economy-wide outcomes, may be linked to the heterogeneous ways in which firms organize and undertake R & D and innovation activities. It emphasizes innovation strategies of innovating firms, and reflects that innovation efforts do not represent a uniform type of expenditure. Organized into three parts the volume moves from the micro to the macro-level. This structure highlights the notion that R & D and innovation and growth are two interdependent perspectives. The first of these is micro-oriented and focuses on innovation processes of firms, where R & D activities and other innovation efforts give rise to consequences such as a strengthening of resource bases, growth of sales and employment, patents, new products, increasing productivity and profits, and improved chances of survival Provides an overview and assessment of established research on firms' strategic choices of R&D efforts and their firm-level returns, and explains the consequences for economy-wide technological change and growth.