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Recent location of foreign-owned research and development activities by large multinational corporations in the European regions: The role of spillovers and externalities

Book or journal references : Regional Studies, vol. 39, pp. 1-16 (2005).

Author(s) : Cantwell , J. and Piscitello , L.

Abstract :

Recent location of foreign-owned research and development activities by large multinational corporations in the European regions: the role of spillovers and externalities, Regional Studies 39, 1-16. This paper examines the role of spillovers and externalities in influencing the recent siting of foreign-owned research and development activities in European regions. In accordance with the literature on knowledge creation in multinational corporations, the location of foreign-owned research tends to agglomerate depending upon the potential for the following different sources of spillovers and externalities: (1) intra-industry spillovers or specialization externalities associated with the presence of a wide-ranging collection of firms active in the same sector; (2) inter-industry spillovers or diversity externalities associated with the co-presence of firms working in different fields; and (3) science-technology spillovers and externalities stemming from the presence of a munificent scientific and educational infrastructure. Additionally, benefits from spillovers decline with distance, but this holds especially for intra- and inter-industry spillovers.


Keywords :

multinational corporations; research and development activities; spillovers; externalities; European regions DIRECT-INVESTMENT; GEOGRAPHIC LOCALIZATION; INTERNATIONAL-TRADE; ECONOMIC-GEOGRAPHY; PRODUCT CYCLE; INNOVATION; TECHNOLOGY; KNOWLEDGE; US; GLOBALIZATION

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