Publication: Government strategies to attract R&D-Intensive FDI
Loading...
Official URL
Full text at PDC
Publication Date
2007
Authors
Advisors (or tutors)
Editors
Journal Title
Journal ISSN
Volume Title
Publisher
Instituto Complutense de Estudios Internacionales (ICEI)
Citations
Exportar
Abstract
Competition among countries and regions to attract the R&D activities of multinational enterprises has increased substantially during the last years, but the strategies used by governments in this competition remain largely unexplored. This paper proposes a taxonomy of the main policy
instruments available to stimulate inward R&D-intensive FDI and presents the results of a comparative case-study of two European countries: Spain and Ireland. The main conclusion is that an efficient promotion of R&D-intensive FDI calls for a closer coordination between innovation policy and inward investment promotion, which are two policy areas that have traditionally operated rather independently from each other. In addition, inward investment agencies targeting R&D-intensive FDI are advised to reconfigure the scope of services they provide by placing more emphasis on after-care, since R&D-intensive FDI tends to be evolutionary rather than greenfield.
La competición entre países y regiones por atraer las actividades de I+D de las empresas multinacionales ha aumentado sustancialmente durante los últimos años, pero no hay suficientes estudios sobre las estrategias utilizadas por los gobiernos en esta competición. Este artículo propone una taxonomía de los principales instrumentos políticos para estimular la IED intensiva en I+D y presenta los resultados de un estudio de caso comparativo de dos países europeos: España e Irlanda. La principal conclusión es que una promoción eficiente de la IED intensiva en I+D requiere una mayor coordinación entre las políticas de innovación y las políticas de atracción de la IED, que tradicionalmente han funcionado de forma independiente. Otra recomendación que emana de este estudio es que las agencias de promoción de inversiones que deseen priorizar la IED intensiva en I+D deberían reconfigurar la gama de servicios que prestan para pasar a centrarse en los servicios postinversión (o “after-care”), ya que la IED-intensiva en I+D tiende a ocurrir a través de un proceso evolutivo y no tanto a través de inversiones “greenfield”.
La competición entre países y regiones por atraer las actividades de I+D de las empresas multinacionales ha aumentado sustancialmente durante los últimos años, pero no hay suficientes estudios sobre las estrategias utilizadas por los gobiernos en esta competición. Este artículo propone una taxonomía de los principales instrumentos políticos para estimular la IED intensiva en I+D y presenta los resultados de un estudio de caso comparativo de dos países europeos: España e Irlanda. La principal conclusión es que una promoción eficiente de la IED intensiva en I+D requiere una mayor coordinación entre las políticas de innovación y las políticas de atracción de la IED, que tradicionalmente han funcionado de forma independiente. Otra recomendación que emana de este estudio es que las agencias de promoción de inversiones que deseen priorizar la IED intensiva en I+D deberían reconfigurar la gama de servicios que prestan para pasar a centrarse en los servicios postinversión (o “after-care”), ya que la IED-intensiva en I+D tiende a ocurrir a través de un proceso evolutivo y no tanto a través de inversiones “greenfield”.
Description
Unesco subjects
Keywords
Citation
American Chamber of Commerce Ireland (2006), “Submission to Government on the National Development Plan (2007 - 2013)”, available at www.amcham.ie
Archibugi, D., S. Iammarino (1999), “The policy implications of the globalisation of innovation”, Research Policy, 28 (3), p. 317-336.
Atkinson, R. (2007), “Expanding the R&E tax credit to drive innovation, competitiveness and prosperity”, The Journal of Technology Transfer, Published online: 24 July 2007.
Audretsch, D. (2000), “Knowledge, Globalization and Regions: An Economist’s Perspective”, in J. Dunning (ed.), Regions, Globalization and the Knowledge-Based Economy, p. 63-81, Oxford University Press, New York.
Barry, F. (2006), “Future Irish growth: opportunities, catalysts, constraints”, in Central Bank and Financial Services Authority of Ireland, Proceedings of the Conference Prospects for Productivity and Growth in Ireland and the Euro Area, September 2006, Dublin.
Bas, C., C. Sierra (2002), “Location versus home country advantages in R&D activities: Some further results on multinationals' location strategies”, Research Policy, 31(4), p. 589-609.
Birkinshaw, J. (2003), “Future Directions in International Business Research: The MNE, Subsidiary and Host Country Agendas”, in N. Hood (ed.), The Mutinational Subsidiary, p. 301-312, Palgrave Macmillan, New York.
Cantwell, J., S. Iammarino (2001), “EU regions and multinational corporations: change, stability and strengthening of technological comparative advantage”, Industrial and Corporate Change, 10 (4), p. 1007-1037.
Cantwell, J., L. Piscitello (2000), “Accumulating technological competence: its changing impact on corporate diversification and internationalization”, Industrial and Corporate Change, 9 (1), p. 21-51.
Carlsson, B. (2006), “Internationalization of innovation systems: A survey of the literature”, Research Policy, 35 (1), p. 56-67.
Chaminade, C., J. Vang (2006), “Globalization of Knowledge Production and Regional Innovation Policy: Supporting Specialized Hubs in Developing Countries”, CIRCLE Electronic Working Paper 2006/15.
Chesbrough, H. (2003), Open innovation: the new imperative for creating and profiting from technology, Harvard Business School Publishing, Boston.
Dachs, B., S. Mahroum, B. Nones, A. Schibany, R. Falk (2005), “Policies to benefit from the internationalization of R&D”, Background report for the Forum on the internationalization of R&D, OECD.
Edquist, C. (ed.) (1997), Systems of innovation: Technologies, institutions and organizations, Pinter Publishers, London.
Edler, J. (2007), “Creative internationalization: widening the perspectives on analysis and policy regarding international R&D activities”, The Journal of Technology Transfer, forthcoming, published online: 8 August 2007.
Economist Intelligence Unit (EIU) (2004), “Scattering the seeds of invention. The globalization of research and development”, The Economist Intelligence Unit, London.
Economist Intelligence Unit (EIU) (2007), “Sharing the idea: The emergence of global innovation networks”, The Economist Intelligence Unit, London.
Enterprise Ireland, Forfas, HRB, HEA, IDA, IRCSET and SFI (2006), “Funding agency requirements and guidelines for managing research generated intellectual property”, Dublin.
Etzkowitz, H., L. Leydesdorff (2000), “The dynamics of innovation: from national systems and “mode 2” to a triple helix of university-industry-government relations”, Research Policy, 29(2), pp. 109-23.
European Commission (2005), “Consultation Document on State Aid for Innovation”, Communication from the Commission, COM (2005) 436 final, Brussels.
Florida, R. (1997), “The globalization of R&D: results of a survey of foreign-affiliated R&D laboratories in the USA”, Research Policy, 26 (1), p. 85-103.
Gray, A. (ed.) (1997), International Perspectives on the Irish Economy, Indecon, Dublin.
Guellec, D., B. van Pottelsberghe de la Potterie (2001), “The internationalisation of technology analyzed with patent data”, Research Policy, 30 (8), p. 1253-1256.
Helmut, G., B. Nones (2007), “Internationalisation of R&D and embeddedness: the case of Austria”, The Journal of Technology Transfer, forthcoming, published online: 13 July 2007.
Herrera, L., J. Heijs (2006), “Difusión y adicionalidad de las ayudas públicas a la innovación”, Revista de Economía Aplicada, 14 (41), p. 45-65.
INTERES (2006), “La Inversión Extranjera Directa in España in el contexto mundial”, Informe 2006, INTERES, Madrid.
Inzelt, A. (2007), “The inflow of highly skilled workers into Hungary: a by-product of FDI”, The Journal of Technology Transfer, forthcoming, published online: 24 July 2007.
Krugman, P. (1997), “Good news for Ireland: A geographical perspective”, in A. Gray (ed.), International Perspectives on the Irish Economy, Indecon, Dublin.
Ling, A., S. Floyd, D. Baldridge (2005), “Towards a model of issue-selling by subsidiary managers in multinational organizations”, Journal of International Business Studies, 36 (6), p. 637-654.
Loewendahl, H. (2001), “A framework for FDI promotion”, Transnational Corporations, 10 (1), p.1-42.
Mansfield, E., D. Teece, A. Romeo (1979), “Overseas research and development by US-based firms”, Economica, 46 (182), p.187-196.
Meyer-Krahmer, F., G. Reger (1999), “New perspectives on the innovation strategies of multinational enterprises: lessons for technology policy in Europe”, Research Policy, 28 (7), p. 751-776.
Mudambi, R. (1995), “The MNE investment location decision: some empirical evidence”, Managerial and Decision Economics, 16(3), p. 249-266.
Mudambi, R. (1999), “Multinational Investment Attraction: Principal-Agent Considerations”, International Journal of the Economics of Business, 6(1), p. 65-79.
Nelson, R., S. Winter (1982), An Evolutionary Theory of Economic Change, Harvard University Press, Cambridge.
OCDE (2002), “Strategic Investment Promotion: Successful Practice in Building Competitive Strategies”, Organization for Economic Cooperation and Development, Paris, June 2002.
OCDE (2003), “Tax Incentives for research and development: trends and issues", STI, Organization for Economic Cooperation and Development, Paris.
Rama, R. (2007), “Foreign investment innovation: a review of selected policies”, The Journal of Technology Transfer, forthcoming, published online: 14 July 2007.
Rosenberg, N. (1982), Inside the black box: Technology and Economics, Cambridge University Press, Cambridge.
Simões, V., P. Nevado (2001), “MNE Centres of Excellence and Acquisitions: Long Evolutionary Paths or Capturing Opportunities?”, Proceedings of the 27th EIBA Conference Alliances and Confrontations: Globalization and the Logics of Trading Blocs, December 13-15, 2001, Paris.
Tassey, G. (2007), “Tax incentives for innovation: time to restructure the R&E tax credit”, The Journal of Technology Transfer, forthcoming, published online: 1 August 2007.
Teece, D. (2000), Managing Intellectual Capital, Oxford University Press, Oxford and New York.
The Economist (2006), “Bull Run: Spain’s expansionist firms”, November 28, London.
The Economist (2007), “The curse of the Habsburgs: Foreign investors should note how badly they are being treated in Spain and Austria”, March 31, London.
UNCTAD (2005), “World Investment Report 2005: Transnational Corporations and the internationalization of R&D”, United Nations Commission for Trade and Development, Geneva.
University of Cambridge (1997), Annual Report 1996-1997, University of Cambridge. Available at www.admin.csm.uk/univ/annualreport/1996-7/e.html
Vázquez-Barquero, A. (1999), “Inward investment and endogenous development. The convergence of the strategies of large firms and territories?”, Entrepreneurship & Regional Development , 11 (1), p. 79-93.
Willman, J. (2007), “Break point? Why British tolerance of foreign ownership is in question”, Financial Times, January 24, 2007, p. 11.
Young, S., N. Hood, E. Peters (1994), “Multinational enterprises and regional economic development”, Regional Studies, 28 (7), 657-677.
Zanatta, M., I. Costa, S. Filippov (2006), “Foreign direct investment: Key issues for promotion agencies”, United Nations University Policy Brief, No. 10.