Mark J. Roberts | Firm R&D Investment and Export Market Exposure
10moon17On [date], the Center for International Finance and Economics Research, National Institute of Financial Research, Tsinghua University(CIFER)Successfully held2019Fall semester of the year2Expect“CIFER Macroeconomics and International Economics Workshop”。Speaker: Professor at Pennsylvania State UniversityMark J. Roberts He shared his latest academic research findings.—"Firm R&D Investment and Export Market Exposure " (collaboratorsVan Anh Vuong),They also had in-depth exchanges with the experts and scholars present.
picture:Workshop on site
picture:Professor Ju Jiandong, Director of CIFER, introduced Professor Roberts.
Mark J. RobertsCurrently a professor at Pennsylvania State University, in1976He graduated from Syracuse University with a Bachelor of Science degree in Economics and Journalism.1978He graduated with a master's degree from the University of Wisconsin in 2008.1980He received his Ph.D. from the University of Wisconsin. His main research areas are applied microeconomics and industrial organization.
picture:Professor Roberts's speech
In thisWorkshopmiddle,Mark J. RobertsThe professor's lecture focused on the difference in return on R&D investment between companies that sell in the international market and those that only sell in the domestic market.
RobertsThe professor introduced the research subjects, which he used data from German high-tech manufacturing companies to estimate corporate R&D investment decisions and to measure the difference in expected long-term returns on R&D investment between export-oriented and domestic companies.
The research results indicate that R&D investment leads to higher product and innovation rates among export-oriented enterprises, and these innovations also significantly impact productivity growth in export markets. Therefore, export-oriented enterprises derive higher returns from R&D investment and tend to invest in R&D more frequently than enterprises that only sell in the domestic market, subsequently experiencing higher productivity growth rates. Endogenous R&D investment is a crucial mechanism contributing to the long-term performance differences between export-oriented and domestic enterprises.
Mark J. RobertsCV
