Chang, Chia-Lin y Chen, Sung-Po y McAleer, Michael (2012) Globalization and Knowledge Spillover: International Direct Investment, Exports and Patents. [ Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE); nº 16, 2012, ] (No publicado)
Esta obra está bajo una licencia de Creative Commons: Reconocimiento - No comercial.
URL Oficial: http://eprints.ucm.es/15690/
This paper examines the impact of the three main channels of international trade on domestic innovation, namely outward direct investment (ODI), inward direct investment (IDI), and exports. The number of Triadic patents serves as a proxy for innovation. The data set contains 37 countries that are considered to be highly competitive in the world market, covering the period 1994 to 2005. The empirical results show that increased exports and outward direct investment are able to stimulate an increase in patent output. In contrast, IDI exhibits a negative relationship with domestic patents. The paper shows that the impact of IDI on domestic innovation is characterized by two forces, and the positive effects of cross-border mergers and acquisitions by foreigners is less than the negative effect of the remaining IDI.
|Tipo de documento:||Documento de trabajo o Informe técnico|
The authors are most grateful to the Editor and two referees for helpful comments and suggestions. For financial support, the first author acknowledges the National Science Council, Taiwan; and the third author acknowledges the Australian Research Council, National Science Council, Taiwan, and the Japan Society for the Promotion of Science.
|Palabras clave:||International direct investment, Exports, Imports, Triadic Patent, Outward direct investment, Inward direct investment, R&D, negative binomial model.|
|Materias:||Ciencias Sociales > Economía > Econometría|
|JEL:||F14, F21, O30, O57|
|Título de serie o colección:||Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE)|
Aggarwal, A. (2004) “Macro Economic Determinants of Antidumping: A Comparative Analysis of Developed and Developing Countries”, World Development, 32, pp. 1043-1057.
Bassanini, A. and S. Scarpetta (2002) “Does human capital matter for growth in OECD countries? A pooled mean-group approach”, Economics Letters, 74, pp.399-405.
Bertrand, O. and P. Zuniga (2006) “R&D and M&A: Are Cross-border M&A Different? An Investigation on OECD Countries, International Journal of Industrial Organization, 24, pp. 401-423.
Blind, K. and A. Jungmittag (2004) “Foreign Direct Investment, Imports and Innovations in the Service Industry”, Review of Industrial Organization, 25, pp. 205-227.
Branstetter, L. (2006) “Is Foreign Direct Investment a Channel of Knowledge Spillovers? Evidence from Japan’s FDI in the United States”, Journal of International Economics, 68, pp. 325-344.
Coe, D.T., and E. Helpman (1995) “International R&D Spillovers”, European Economic Review 39, 859-887.
Coe, D.T., E. Helpman, and A.W. Hoffmaister (1997) “North-South R&D Spillovers”, The Economic Journal 107, 35-150.
Coe, D.T., E. Helpman, and A.W. Hoffmaister (2009) “International R&D Spillovers and Institutions”, European Economic Review, 53, 723-741.
Cohen, W.M. and Levinthal, D.A. (1989) “Innovation and Learning: Two Faces of R&D”, The Economic Journal, 99, 569-596.
Deolalikar, A.B. and R.E. Evenson (1989) “Technology Production and Technology Purchase in Indian Industry: An Econometric Analysis”, The Review of Economics and Statistics, 71, pp. 687-692.
European Patent Organisation (2010), accessed at http://www.epo.org/about-us/epo.html.
Geroski, P., S. Machin, J. Van Reenen (1993) “ The Profitability of Innovating Firms“, Rand Journal of Economics, 24, 198-211.
Girma, S., Y. Gong, and H. Görg (2009) “What Determines Innovation Activity in Chinese State-owned Enterprises? The Role of Foreign Direct Investment”, World Development, 37, pp. 866-873.
Girma, S., H. Görg, and A. Hanley (2008) “R&D and Exporting - A Comparison of British and Irish Firms”, Review of World Economics, 144, pp. 750-771.
Gourlay, A., and J. Seaton (2004) “Explaining the Decision to Export: Evidence from UK Firms”, Applied Economics Letters, 11, pp. 153-158.
Gourlay, A., J. Seaton, and J. Suppakitjarak (2005) “The Determinants of Export Behaviour in UK Service Firms”, The Service Industries Journal, 25, pp. 879-889.
Han, Y.J., and W.Y. Lee (2007) “The Effects of the Characteristics of Korean Firms on the Patent Production Function”, Economics of Innovation and New Technology, 16, pp. 293-301.
Hausman, J.A., B.H. Hall, and Z. Griliches(1984) “Econometric Models for Count Data with an Application to the Patents-R&D Relationship”, Econometrica, 52, pp. 909-938.
Hu, M. C., and J. A. Mathews (2005) “National Innovative Capacity in East Asia”, Research Policy, 34, pp. 1322-1349.
Keller, W. (1998) “Are International R&D Spillovers Trade-Related? Analyzing Spillovers Among Randomly Matched Trade Partners”, European Economic Review, 42, 1469-1481.
Keller, W. (2004) “International Technology Diffusion”, Journal of Economic Literature, 42(3), 52-782.
Keller, W. (2009) “International Trade, Foreign Direct Investment, and Technology Spillovers”, NBER Working Paper 15422. Cambridge, MA: National Bureau of Economic Research.
Kneller, R. (2005) “Frontier Technology, Absorptive Capacity and Distance”, Oxford Bulletin of Economics and Statistics, 67(1), 1-23.
Kumar, N. (1987) “Technology Imports and Local Research and Development in Indian Manufacturing”, The Developing Economies, 25, pp. 220-233.
Lee, G. (2006) “The Effectiveness of International Knowledge Spillovers Channels”, European Economic Review, 50, 2075-2088.
Lin, H.L., and R.S. Yeh (2005) “The Interdependence between FDI and R&D: An Application of an Endogenous Switching Model to Taiwan’s Electronics Industry”, Applied Economics, 37, pp. 1789-1799.
Lin, H.L., R.S. Yeh, and C.F. Chung (2009) “The Effect of Outward Investment to China on Domestic R&D: A Two-hurdle Model with Endogenous ODI”, Applied Economics, 41, pp. 1191-1198.
Liu, B.-J., T.-J. Chen and Y.-H. Weng. (2005) Trade Theory and Policy, Taiwan: Yeh-Yeh Book Gallery. (in Chinese).
Liu, X. and H. Zou (2008) “The Impact of Greenfield FDI and Mergers and Acquisitions on Innovation in Chinese High-tech Industries”, Journal of World Business, 43, pp. 352-364.
Lucas, R.E. (1988) “On the Mechanics of Economic Development”, Journal of Monetary Economics, 22, 3-42.
Madsen, J. B. (2007) “Technology spillover through trade and TFP convergence: 135 years of evidence for the OECD countries”, Journal of international Economics, 72, 464-480.
Mancusi, M.L. (2008) “International Spillovers and Absorptive Capacity: A Cross-Country Cross-Sector Analysis Based on Patents and Citations”, Journal of International Economics, 76, 155-165.
Mueller P. (2006) “Exploring the knowledge filter: How entrepreneurship and university–industry relationships drive economic growth”, Research Policy, 35, 1499–1508.
OECD. (2007). Main Science and Technology Indicators. OECD.
Ou Yang, H. and J.-T. Hwang. (2006) “International Trade Theory and Policy”. Taiwan: San Min Books. (in Chinese).
Posner, M.V. (1961) “International Trade and Technical Change. Oxford Economic Papers”, 13, pp. 323-341.
Pottelsberghe, B.P. and F. Lichtenberg (2001) “Does Foreign Direct Investment Transfer Technology across Borders?”, Review of Economics and Statistics, 83, pp. 490-497.
Romer, P.M. (1986) “Increasing Returns and Long-Run Growth”, Journal of Political Economy, 94, 1002-1037.
Roper, S. and J.H. Love (2002) “Innovation and Export Performance: Evidence from the UK and German Manufacturing Plants”, Research Policy, 31, pp. 1087-1102.
Roper, S., J.H. Love, and D.A. Hígon. (2006) “The Determinants of Export Performance: Evidence for Manufacturing Plants in Ireland and Northern Ireland”, Scottish Journal of Political Economy, 53, pp. 586-615.
Salomon, R.M. and J.M. Shaver (2005), “Innovation, Learning by Exporting: New Insights from Examining Firms”, Journal of Economics & Management Strategy, 14, pp. 431-460.
Salvatore, D. (2009) International Economics, New York: Wiley.
Tomiura, E. (2007) “Effects of R&D and Networking on the Export Decision of Japanese Firms”, Research Policy, 36, pp. 758-767.
Tsou, M.-W. and J.-T. Liu. (1997) “The Spillover Effect from Foreign Direct Investment: Empirical Evidence from Taiwan Manufacturing Industries”, Taiwan Economic Review, 25(2), pp.155-181. (in Chinese).
UNCTAD (2007) World Investment Report: Transnational Corporations, Extractive Industries and Development, New York and Geneva: United Nations.
Vernon, R. (1966) “International Investment and International Trade in the Product Cycle”, Quarterly Journal of Economics, 80, pp. 190-207.
World Bank (2010), Country Classification by Income, accessed at http://data.worldbank.org/about/country-classifications/country-and-lending-groups.
Yang, C.H., J.R. Chen, and W.B. Chuang, (2004) “Technology and Export Decisions”, Small Business Economics, 22, pp. 349-364.
|Depositado:||19 Jun 2012 09:53|
|Última Modificación:||17 Jun 2016 09:49|
Sólo personal del repositorio: página de control del artículo