Doing R&D and Importing Technology : An Empirical Investigation on Taiwan's manufacturing firms
(2004)
Files
2004-6.pdf
Open Access - Adobe PDF
- 398.68 KB
Details
- Authors
- Abstract
- The objective of this paper is to identify the determinants of the decision to innovate in Taiwan. Three ?innovation strategies? are considered: doing R&D only, importing technology only, and combining both. We estimate a Bivariate Probit on a panel of more than 27000 Taiwanese manufacturing firms observed from 1992 to 1995. Results suggest that the decision to do R&D over the period was influenced by the prior changes in exportations at the industry level, whereas the decision to import technology is affected by the current changes. We identify a non-linear relationship between firm size and innovation. Moreover, older firms tend to innovate less, whereas market structure doesn?t affect the decision to innovate. These two results change when only high-tech industries are considered: the effect of firms? age becomes insignificant, whereas a more concentrated market structure is shown to increase the probability to innovate.
- Affiliations
Citations
Chang, C.-L., & Robin, S. (2004). Doing R&D and Importing Technology : An Empirical Investigation on Taiwan’s manufacturing firms (ECON Working Papers 2004/06). https://hdl.handle.net/2078.5/130164