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Technology and the Generation of International Knowledge Spillovers. An Application to Spanish Manufacturing Firms

Álvarez González, Isabel and Molero Zayas, José (2004) Technology and the Generation of International Knowledge Spillovers. An Application to Spanish Manufacturing Firms. [Working Paper or Technical Report]

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Abstract

Technology is among firms ownership advantages explaining their internationalisation as,
now for decades, the eclectic approach has highlighted. The debate about the positive
versus negative effects that foreign capital generates in the host economy has gained a new
relevance today insofar as, on the one hand, the concept of systems of innovation allows
us to rethink the interaction with the domestic/recipient economies and, on the other, the
increasing internationalisation of the technological activities of multinational companies
(MNCs) introduces new forms of that interaction. Therefore, the possibility of generation
of external effects by MNCs today demands a new reformulation of the problem.
In this vein, one of the strengthening aspects commonly underlined is that foreign
knowledge, not completely appropriable by the foreign firms, may spill over into domestic
firms. However, since the findings of the empirical evidence are not fully confirmatory of
the hypothesis, and taking into account the new conditions, this essay attempts to offer
new light with research about the Spanish manufacturing firms. Two main issues are
focused on this analysis. First, the importance of dynamics in the assessment of
technological spillovers motivated by foreign direct investment (FDI), which is possible
thanks to the availability of a panel data for manufacturing firms in Spain in the period
1991-1999. Second, the importance that technology may have for the generation of
spillovers and to what extent the Pavitt taxonomy of industries is still useful for in depth
analysis of such a learning process.

Item Type:Working Paper or Technical Report
Uncontrolled Keywords:Foreign capital, Foreign direct investment,Spanish manufacturing firms, Knowledge Spillovers
Subjects:Social sciences > Economics > Business enterprises
Series Name:Working Papers
Volume:UNSPECIFIED
Number:WP01/0
ID Code:10289
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Deposited On:10 May 2010 11:35
Last Modified:06 Feb 2014 08:40

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