TY - JOUR
T1 - R&D, product innovation, and exporting
T2 - evidence from UK new technology based firms
AU - Ganotakis, Panagiotis
AU - Love, James H.
N1 - This is a pre-copy-editing, author-produced PDF of an article accepted for publication in Oxford economic papers following peer review. The definitive publisher-authenticated version Ganotakis, P., & Love, J. H. (2011). R&D, product innovation, and exporting: Evidence from UK new technology based firms. Oxford economic papers, 63(2), 279-306 is available online at: http://oep.oxfordjournals.org/content/63/2/279
PY - 2011/4
Y1 - 2011/4
N2 - We examine the relationship between R&D, product innovation, and exporting for a sample of new technology based firms (NTBFs) in the UK. Allowance is made for selection bias and for endogeneity between innovation and exporting. Product innovators are more likely to export, but conditional on entering export markets successful innovation does not increase subsequent export intensity. Lagged productivity is strongly associated with exporting, supporting the view that efficient firms are better able to overcome the barriers to entering export markets. We also find strong evidence of the importance of internal R&D and of supply-chain collaborations in fostering innovation, and that formal commercial collaborations can be important in overcoming the (information) sunk costs of entering export markets. The use of e-commerce does nothing to boost entry into export markets, but the intensity of its use is associated with increased export intensity.
AB - We examine the relationship between R&D, product innovation, and exporting for a sample of new technology based firms (NTBFs) in the UK. Allowance is made for selection bias and for endogeneity between innovation and exporting. Product innovators are more likely to export, but conditional on entering export markets successful innovation does not increase subsequent export intensity. Lagged productivity is strongly associated with exporting, supporting the view that efficient firms are better able to overcome the barriers to entering export markets. We also find strong evidence of the importance of internal R&D and of supply-chain collaborations in fostering innovation, and that formal commercial collaborations can be important in overcoming the (information) sunk costs of entering export markets. The use of e-commerce does nothing to boost entry into export markets, but the intensity of its use is associated with increased export intensity.
UR - http://www.scopus.com/inward/record.url?scp=79952836223&partnerID=8YFLogxK
U2 - 10.1093/oep/gpq027
DO - 10.1093/oep/gpq027
M3 - Article
AN - SCOPUS:79952836223
SN - 0030-7653
VL - 63
SP - 279
EP - 306
JO - Oxford Economic Papers
JF - Oxford Economic Papers
IS - 2
ER -