R&D, innovation and exporting:evidence from UK new technology based firms

Ganotakis, Panagiotis and Love, James H. (2009). R&D, innovation and exporting:evidence from UK new technology based firms. Working Paper. Aston University, Birmingham (UK).

Abstract

We examine the relationship between R&D, 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. Innovators are more likely to export, but conditional on entering export markets successful innovation does not increases 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.

Divisions: Aston Business School > Operations & Information Management
Aston Business School > Economics, Finance & Entrepreneurship
Aston Business School
Additional Information: Aston Business School Research Papers are published by the Institute to bring the results of research in progress to a wider audience and to facilitate discussion. They will normally be published in a revised form subsequently and the agreement of the authors should be obtained before referring to its contents in other published works.
Uncontrolled Keywords: R&D,innovation,exporting,e-commerce,sample selection
Published Date: 2009-10
Authors: Ganotakis, Panagiotis
Love, James H.

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