| Title |
Multinational firms and the internationalization of green R&D: A review of the evidence and policy implications |
| ID_Doc |
31232 |
| Authors |
Noailly, J; Ryfisch, D |
| Title |
Multinational firms and the internationalization of green R&D: A review of the evidence and policy implications |
| Year |
2015 |
| Published |
|
| DOI |
10.1016/j.enpol.2015.03.002 |
| Abstract |
This paper presents novel empirical evidence on the internationalization of green R&D by multinational firms (MNCs), as measured by patents data. Using data on inventors' addresses for the set of 1200 MNCs firms patenting in green technologies over the 2004-2009 period, we find that about 17% of green patents result from MNCs R&D investments conducted outside their home countries. MNCs tend to locate their foreign green R&D activities in other OECD markets and in China, in particular in lightings and solar technologies. The empirical analysis reveals that the probability of conducting green R&D abroad increases with the host country's stringency of environmental regulation, market size and (green) R&D intensity. Also, relatively lower wages for scientists and engineers, and stronger protection for intellectual property rights in the host country increase the likelihood for MNCs to offshore green R&D. The paper concludes by discussing the policy implications of this changing global innovation landscape. (C) 2015 Elsevier Ltd. All rights reserved. |
| Author Keywords |
Energy; R&D; Multinationals; Globalization |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000356556300020 |
| WoS Category |
Economics; Energy & Fuels; Environmental Sciences; Environmental Studies |
| Research Area |
Business & Economics; Energy & Fuels; Environmental Sciences & Ecology |
| PDF |
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