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The Persistence of Home Bias for Important R&D in Wireless Telecom and Automobiles |
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| Authors: | Stephen S. Cohen Alberto Di Minin Yasuyuki Motoyama Christopher Palmberg |
| Affiliation: | BRIE—Berkeley Roundtable on the International Economy University of California at Berkeley; MaIn Laboratory, Scuola Superiore Sant'Anna; Center for Nanotechnology in Society University of California, Santa Barbara; ETLA—The Research Center on the Finnish Economy |
| Abstract: | 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. |
| Keywords: | globalization offshoring wireless patents automobiles |