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The Persistence of Home Bias for Important R&D in Wireless Telecom and Automobiles
Author(s) -
Cohen Stephen S.,
Di Minin Alberto,
Motoyama Yasuyuki,
Palmberg Christopher
Publication year - 2009
Publication title -
review of policy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.832
H-Index - 45
eISSN - 1541-1338
pISSN - 1541-132X
DOI - 10.1111/j.1541-1338.2008.00369.x
Subject(s) - globalization , argument (complex analysis) , persistence (discontinuity) , sorting , telecommunications , economics , wireless , market economy , computer science , engineering , medicine , endocrinology , geotechnical engineering , programming language
We argue that in this age of globalization, important R&D—in automobiles and wireless telecommunication—exhibits a decisive home bias. This contrasts with findings on the rate and extent of globalization of the aggregate of activities classified as R&D. Sorting out R&D was deemed important at the outset by the firm, and comparing that to “regular” R&D by the same firms enables the argument. We take our findings on location a step further by examining, for this category of R&D, the reasons for nonglobalization.