Working Paper No. 457

R&D and Foreign Sales in Multinationals: A Simultaneous Relationship?

Published: April 1996Pages: 29Keywords: R&D; Foreign Sales; Multinational EnterprisesJEL-codes: F23; O32

R&D and Foreign Sales in Multinationals: A Simultaneous Relationship? Gunnar Fors and Roger Svensson


This paper analyzes the simultaneous relationship between R&D and foreign sales in Swedish multinational enterprises in the manufacturing sector. We argue that this two-way relationship should especially apply to multinationals based in small open economies due to the firms' high dependence on foreign markets. The only previous study addressing this issue used data on multinationals originating from the United States, a country with a large domestic market, and it did not find evidence of the hypothesized simultaneous relationship. Our empirical results suggest a positive and significant effect in both directions.

Roger Svensson

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An Agenda for Europe

Institutional Reform for Innovation and Entrepreneurship

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The authors of this book, Niklas Elert, Magnus Henrekson and Mikael Stenkula, advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal.

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