Globalization, International Spillovers and Sectoral Changes
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Globalization, International Spillovers and Sectoral Changes

Implications for Regions and Industries

Edited by Charlie Karlsson, Andreas P. Cornett and Tina Wallin

As a consequence of globalization, news, ideas and knowledge are moving quickly across national borders and generating international spillovers. So too, however, are economic and financial crises. Combining a variety of methods, concepts and interdisciplinary approaches, this book provides an in-depth examination of these structural changes and their impact. Assessing the implications of globalization for businesses and sectors, chapters focus on the interdependencies between different economic and political layers, and explore topics such as human capital, creativity, innovation, networks and collaboration.
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Chapter 3: The impact of technology spillovers and international knowledge flows on the productivity and innovativeness of UK multinationals

Gary Cook, Yevgeniya Shevtsova and Hans Lööf

Abstract

The chapter studies the impact of local and global external knowledge on the innovativeness and productivity of the multinational corporations across the UK. Using the global openness of a firm’s regional industry and its regional economy as proxies for global knowledge flows, the chapter provides new evidence of local and global knowledge spillovers. We find the evidence of positive cluster effects for both strength in the firm’s own industry and the scale and diversity of the industrial base in the firm’s NUTS2 area. We also find that the presence of foreign multinational enterprises (MNEs) in the firm’s line of activity and NUTS2 area has a negative effect on both its patenting and productivity growth. The impact of access to knowledge-intensive professional services is positive for foreign MNEs, except for the high-technology establishments, and positive and significant for the productivity growth in domestic MNEs.

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