By Giorgio Barba Navaretti, Partha Dasgupta, Karl-Göran Mäler, Domenico Siniscalco
ISBN-10: 3642084087
ISBN-13: 9783642084089
ISBN-10: 3662037386
ISBN-13: 9783662037386
Is wisdom an financial strong? that are the features of the associations regulating the creation and diffusion of data? Cumulation of data is a key determinant of monetary progress, yet just recently wisdom has moved to the middle of monetary research. fresh literature additionally offers profound insights into occasions like medical development, creative and craft improvement which were hardly ever addressed as socio-economic associations, being the area of sociologists and historians instead of economists. This quantity adopts a multidisciplinary method of convey wisdom within the concentration of awareness, as a key financial issue.
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Extra info for Creation and Transfer of Knowledge: Institutions and Incentives
Example text
In R&D contracts we 8 Under arm-length agreements we also include joint ventures and minority holdings. 46 4. R&D Inter-firmAgreements in Developing Countries. Where? Why? How? have a hierarchical relationship when it is possible to clearly identify a customer and a supplier. A typical example is a developing country's automobile company that asks a European design company to design a new model. Instead, we have a non-hierarchical relationship, when both firms contribute to the development of the R&D programme on an equal footing base and when it is not a customersupplier relationship.
Where? Why? How? The analysis of the miero foundations of R&D agreements eonfirms our intuition that knowledge spillovers provide a fundamental ineentive for firms to eooperate in R&D. e. where the publie good eharaeteristies of knowledge are dominating. This result still holds under asymmetrie teehnological endowments, which are likely to eharaeterise transaetions between advaneed and developing eountries. But asymmetries reduee the ineentive for the advaneed partner to partieipate in the agreement and eause problems of information.
First, because it looks at technological agreements between a group of developing countries and a group of advanced countries. To the best of our knowledge, this is the first attempt to do so. Previous analyses were mostly focused on advanced countries, looking at the geographie dispersion of R&D investments of multinationals based in a single country (Kumar, 1995 gives a useful survey). Second, because practically all of the empiricalliterature has looked at the R&D activity carried out by subsidiaries, up to now, and not at arm-Iength agreements (a survey of the very little existing evidence on technological agreements is provided by Pietrobelli, 1996).
Creation and Transfer of Knowledge: Institutions and Incentives by Giorgio Barba Navaretti, Partha Dasgupta, Karl-Göran Mäler, Domenico Siniscalco
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