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Investigating The Relation Between Innovation And Fdi In The Eu Member States

Author

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  • Oana Cristina POPOVICI

    (Institute for Economic Forecasting, Romanian Academy, The Bucharest University of Economic Studies)

Abstract

In the world of knowledge economy and competitiveness in which we live today, the economic growth is built on innovation. Our interest in the present paper is to find if innovation is a factor that shaped the attractiveness of EU location for foreign investors during the economic crisis. In this respect, we use the Pearson correlation coefficient. We find weak correlation between innovation and FDI stocks at the EU level during 2006-2013, with a higher and significant correlation between the two variables in the new EU countries until 2009. We do not find significant correlations in the old member states, probably because the group of member states is too heterogeneous. Also, we obtain significant positive correlation only in 11 countries out of 28, without identifying any preference related to the EU adhesion moment.

Suggested Citation

  • Oana Cristina POPOVICI, 2015. "Investigating The Relation Between Innovation And Fdi In The Eu Member States," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 7, pages 61-68, April.
    • Handle: RePEc:cmj:seapas:y:2015:i:7:p:61-68
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    More about this item

    Keywords

    Foreign direct investment; Innovation; Pearson correlation coefficient; European Union;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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