FDI spillover effects on innovation activities of knowledge using and knowledge creating firms: Evidence from an emerging economy (CROSBI ID 307126)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Vujanović, Nina ; Radošević, Slavo ; Stojčić, Nebojša ; Hisarciklilar Mehtap ; Hashi, Iraj
engleski
FDI spillover effects on innovation activities of knowledge using and knowledge creating firms: Evidence from an emerging economy
The beneficial effects of innovation for firm performance and competitiveness are well established but it has been suggested in recent years that innovation regimes differ between advanced and emerging economies. While advanced economies rely on knowledge generation, their emerging counterparts follow mainly knowledge use regime through the application of existing knowledge and technology. Climbing up the technological ladder can be helped through spillovers from foreign investors to local firms. We investigate whether FDI spillovers influence different phases of innovation process (from decision to innovate to productivity) among knowledge using and knowledge creating firms in an emerging European economy. The results show that innovation process in emerging economies is closer to imitation than creation of novel products. Local firms benefit from foreign counterparts in the early phase of innovation process. Stronger FDI effects are found on firms that undertake innovation through knowledge use than through knowledge generation.
knowledge use ; knowledge generation ; FDI ; innovation ; emerging economy
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Podaci o izdanju
118 (December)
2022.
102512
11
objavljeno
0166-4972
1879-2383
10.1016/j.technovation.2022.102512
Povezanost rada
Ekonomija