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R&D and Regional Competitiveness: A Study of Global Entrepreneurial Firms

Author

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  • Link, Albert

    (University of North Carolina at Greensboro, Department of Economics)

  • Sardar, Rashedur

    (University of North Carolina at Greensboro, Department of Economics)

Abstract

We quantify, using data from the World Bank’s Enterprise Surveys and the World Economic Forum’s Global Competitiveness Index, the empirical relationship between global competitiveness and R&D investment activity as well as the independent relationship between global competitiveness and R&D investments across geographic regions of economic development. We also explore alternative measures of the effectiveness of R&D investments. Our findings suggest that R&D investments are a possible policy target variable in high-income regions for policy makers to consider for increasing firms’ global competitiveness.

Suggested Citation

  • Link, Albert & Sardar, Rashedur, 2023. "R&D and Regional Competitiveness: A Study of Global Entrepreneurial Firms," UNCG Economics Working Papers 23-1, University of North Carolina at Greensboro, Department of Economics.
    • Handle: RePEc:ris:uncgec:2023_001
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    References listed on IDEAS

    as
    1. Rajeev K. Goel & Michael A. Nelson, 2018. "Determinants of process innovation introductions: Evidence from 115 developing countries," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 39(5), pages 515-525, July.
    2. Nancy L. Stokey, 1995. "R&D and Economic Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 62(3), pages 469-489.
    3. Jones, Charles I, 1995. "R&D-Based Models of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 103(4), pages 759-784, August.
    4. Rajeev K. Goel & James W. Saunoris, 2017. "Dynamics Of Knowledge Spillovers From Patents To Entrepreneurship: Evidence Across Entrepreneurship Types," Contemporary Economic Policy, Western Economic Association International, vol. 35(4), pages 700-715, October.
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    Cited by:

    1. Mukhamediyev, Bulat & Temerbulatova, Zhansaya & Mukhamediyeva, Aliya, 2023. "The significance of world oil prices and macroeconomic factors for the global competitiveness of countries," Energy Economics, Elsevier, vol. 128(C).

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    More about this item

    Keywords

    R&D; global competitiveness; entrepreneurship; regional growth; program management;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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