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THE ROLE OF ECONOMIES OF SCALE IN AUSTRALIAN R&D

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Australia does relatively little R&D. One possible explanation is that as a small country, Australia cannot take advantage of scale economies. A schema is provided for the role of economies of scale in R&D. Case studies from the automotive, mining, and pharmaceuticals industries show examples of successful R&D in Australia. These case studies illustrate that if Australian firms are internationally competitive, then economies of scale in production need not hamper R&D. Even when at a comparative disadvantage in producing a product, Australia may still be competitive in basic research or the initial development of ideas.

SKU: 0810-90288629215 Category: Tag:

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By Shannon K. Mitchell

Australia does relatively little R&D. One possible explanation is that as a small country, Australia cannot take advantage of scale economies. A schema is provided for the role of economies of scale in R&D. Case studies from the automotive, mining, and pharmaceuticals industries show examples of successful R&D in Australia. These case studies illustrate that if Australian firms are internationally competitive, then economies of scale in production need not hamper R&D. Even when at a comparative disadvantage in producing a product, Australia may still be competitive in basic research or the initial development of ideas.

page: 152 – 167
Prometheus: Critical Studies in Innovation
Volume 14, Issue 2

SKU: 0810-90288629215

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