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Department
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New York University
Stern School of Business
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New York, NY 10012-1118
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|
| Title: |
Knowledge
Sources And Foreign Investment Location In The Us |
| Author(s): |
Juan Alcacer
NYU Stern School of Business
Wilbur Chung
The Wharton School
University of Pennsylvania |
| Abstract
Text: |
Recent
research demonstrates that firms, motivated by differences
in nations’ technical capabilities, expand abroad to
seek knowledge. Unclear is what knowledge it is that these
firms are seeking and how firms’ preference for knowledge
varies with their own technical capabilities. We investigate
the attractiveness of industry, academic, and government knowledge
sources using locations’ stock of patent counts. We
use both broad and finer grained counts along industry and
geographic dimensions. For foreign entrants in the US from
1987-1993, we find that foreign firms are attracted primarily
to locations rich with industry patents. Interestingly, lagging
technical firms are more attracted to academia while leading
firms find government research more desirable. This suggests
that laggards catch up using academia |
| Will
be Published in: |
|
| Paper
Copy Available: |
No
|
| Electronic
Copy Available: |
No |
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