Department of Economics
Loyola University Maryland
4501 N. Charles street
Baltimore, MD 21210
Institutional Affiliation: Loyola University Maryland
NBER Working Papers and Publications
|October 2019||Comment on "Capturing International R&D Trade and Financing Flows: What Do Available Sources Reveal about the Structure of Knowledge-Based Global Production?"|
in The Challenges of Globalization in the Measurement of National Accounts, Nadim Ahmad, Brent Moulton, J. David Richardson, and Peter van de Ven, editors
|May 2019||International Business Travel and Technology Sourcing|
with Wolfgang Keller: w25862
Access to new foreign technology is often central to countries’ development strategies. However, we know very little about the quantitative impact of technology sourcing. In this paper, we study the role of outward international business travel for technology sourcing and innovation by examining whether patenting in European regions is affected by the number of business travelers heading to the United States. Using European regional patent data for the years 1996 to 2010 from Eurostat and information on incoming business travelers from the U.S. Department of Commerce’s Survey of International Air Travelers, we find that controlling for a region’s R&D spending and size, innovation is increasing in the number of business travelers of the region to the United States. Technology sourcing throu...
|May 2011||International Business Travel: An Engine of Innovation?|
with Wolfgang Keller: w17100
While it is well known that managers prefer in-person meetings for negotiating deals and selling their products, face-to-face communication may be particularly important for the transfer of technology because technology is best explained and demonstrated in person. This paper studies the role of short-term cross-border labor movements for innovation by estimating the recent impact of U.S. business travel to foreign countries on their patenting rates. Business travel is shown to have a signi...cant e¤ect up and beyond technology transfer through the channels of international trade and foreign direct investment. On average, a 10% increase in business travel leads to an increase in patenting by about 0.2%, and inward business travel is about one fourth as potent for innovation as domestic R&D...
Published: Nune Hovhannisyan & Wolfgang Keller, 2015. "International business travel: an engine of innovation?," Journal of Economic Growth, vol 20(1), pages 75-104. citation courtesy of