Bernhard Dachs

Economics of Innovation l R&D Internationalisation l Global Value Chains l Innovation Policy l @AIT

[Bernhard Dachs @BernhardDachs]

2021 was the first year in which US multinationals abroad spent more on R&D in services than in manufacturing. This is a major shift in R&D internationalization.

Read more in my new paper in AIB insights:

https://t.co/mEJZMDnlLC

[Bernhard Dachs @BernhardDachs]

I think the problem is obvious: the EU is specialized in manufacturing, while the new Digital MNEs prefer to invest in Asia, but also in Switzerland, Israel or the UK.

Source: US Department of Commerce, 2023
#multinationals #fdi #EuropeanUnion #research

[Bernhard Dachs @BernhardDachs]

The European Union is stuck in old industries

See below the sectoral breakdown of R&D expenditures by US multinationals in the European Union (22 bn USD in total) and Asia/Pacific (20 bn USD), 2021.

[Bernhard Dachs @BernhardDachs]

@ASzigetvari ja sicher gibts Verlagerungen ins Ausland, aber es gibt genauso Rückverlagerungen aus dem Ausland nach Österreich oder in Nachbarländer. Viele Firmen haben die Nachteiler einer Produktion im Ausland unterschätzt

https://t.co/Dz5GFCMkSv

[Bernhard Dachs @BernhardDachs]

@AReinstaller The race already started with the EU Chips Act!

[Bernhard Dachs @BernhardDachs]

let‘s hope regulation does not ruin it

[Bernhard Dachs @BernhardDachs]

Erik Brynjolfsson: ‘This could be the best decade in history — or the worst’ https://t.co/ThoxlCJDfJ via @ft

[NFL on CBS 🏈 @NFLonCBS]

Most Pass TD over first 15 starts for Packers QB

Jordan Love 26
Aaron Rodgers 25
Brett Favre 20

[Pol Antras @pol_antras]

RIP. Indeed, an absolute giant. I saw him many times at MIT, but I never had the courage to approach him and tell him how much I admired his work. A few years ago, I was shocked to receive detailed comments on an old paper of mine he had somehow come across... (1/2)

[Bernhard Dachs @BernhardDachs]

@scibus @JurgenJanger put the data into perspective by adding the US!

[Bernhard Dachs @BernhardDachs]

Great that we have the EU AI Act!

Now we only need an AI industry!

[Bernhard Dachs @BernhardDachs]

Thanks to my phantastic co-authors Sara Amoroso, Davide Castellani, Marina Papanastassiou and Max von Zedtwitz for their patience and with me, and out editor Roger Strange for his support out that long time!

[Bernhard Dachs @BernhardDachs]

Our paper on the past, present and future of R&D internationalisation is finally out in the recent issues of the International Business Review!

https://t.co/XdHrBNN1My

[Bernhard Dachs @BernhardDachs]

‘Techno-nationalism’, however, could become a major obstacle for R&D internationalisation in the future, as it will create new trade-offs between national policy goals and the transnational character of MNE R&D activities.

[Bernhard Dachs @BernhardDachs]

We see that most of the drivers that have fuelled the emergence of geographically distributed R&D networks of MNEs are still intact.

[Bernhard Dachs @BernhardDachs]

@BaldwinRE great chart!

[Bernhard Dachs @BernhardDachs]

@nicolaskoehler @BaldwinRE probably, but the share of foreign value added in China‘s exports has decreased since 2008 despite rising exports, according to the new OECD TiVA dada. Somit may depend on the sector.

[Bernhard Dachs @BernhardDachs]

@JurgenJanger @MagratheanTimes und wir brauchen immer mehr Forschungsförderung, um die Unternehmen zu höheren F&E-Ausgaben zu überreden.

[Richard Baldwin @BaldwinRE]

_Globalisation’s not ending; it’s evolving❗️

[Bernhard Dachs @BernhardDachs]

@HallaMartin was ist eigentlich aus der Medikationsanalyse, also ob sich die verschriebenen Medikamente vertragen, geworden? Das sollte technisch ja kein Problem sein wenn alle Medikamente über e-card verschrieben werden?