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Does Innovation Co-move with FDI? Evidence from OECD Countries

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  • Chun Ping Chang

Abstract

In this study, the panel co-integration test combined with structural breaks was used to explore the long-term co-movement between FDI and patent and trademark applications， in accordance with 33 OECD countries from 1999 to 2018. The robust results demonstrate that both innovation variables including patent and trademark co-move with FDI in the OECD sample. Furthermore, this long-term co-movement of FDI and innovation experiences some structural breaks during the period 2003-2010. Finally, there is a long-term co-movement between FDI inflows and innovation activity in OECD countries. Keywords: Innovation, FDI, Structural breaks, DOLS.JEL: C33, O34, F23.

Suggested Citation

  • Chun Ping Chang, 2022. "Does Innovation Co-move with FDI? Evidence from OECD Countries," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 69(4), pages 509-525.
    • Handle: RePEc:voj:journl:v:69:y:2022:i:4:p:509-525:id:1475
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    More about this item

    Keywords

    Innovation; FDI; Structural breaks; DOLS;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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