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International technology spillovers and innovation: Evidence from Taiwanese high-tech firms

Yu-Pei Hsu and Ya-Ping Chuang

The Journal of International Trade & Economic Development, 2014, vol. 23, issue 3, 387-401

Abstract: This paper uses Taiwanese high-tech firms' data from 2003 to 2007 to investigate the impacts of international technology spillovers and firms' R&D activities on firms' innovation performance. We also consider absorptive capability and examine whether the technology spillovers have different effect on firms' innovation performance. We choose patent application counts to measure firms' innovation performance, and adopt panel Ordinary Least Squares (OLS) with fixed-effect and random-effect models as well as System Generalized Method of Moments (GMM) model to estimate. The empirical findings indicate the innovation performance of high-tech firms is positively affected by their R&D efforts, export performance, and the presences of multinational corporations. Furthermore, when absorptive capacity is taken into account, the technology spillovers by exporting and technology import would affect the innovation performance more.

Date: 2014
References: View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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DOI: 10.1080/09638199.2012.725755

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The Journal of International Trade & Economic Development is currently edited by Pasquale Sgro, David E.A. Giles and Charles van Marrewijk

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