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International Trade and Foreign Direct Investment as Innovation Factors of the U.S. Economy

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  • Napiórkowski1 Tomasz M.

    (Collegium of World Economy Ph.D. Student, Warsaw School of Economics)

Abstract

The aim of this research is to asses the hypothesis that foreign direct investment (FDI) and international trade have had a positive impact on innovation in one of the most significant economies in the world, the United States (U.S.). To do so, the author used annual data from 1995 to 2010 to build a set of econometric models. In each model, 11 in total) the number of patent applications by U.S. residents is regressed on inward FDI stock, exports and imports of the economy as a collective, and in each of the 10 SITC groups separately.

Suggested Citation

  • Napiórkowski1 Tomasz M., 2014. "International Trade and Foreign Direct Investment as Innovation Factors of the U.S. Economy," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 41(1), pages 60-75, March.
    • Handle: RePEc:vrs:ijomae:v:41:y:2014:i:1:p:60-75:n:4
    DOI: 10.2478/ijme-2014-0037
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    References listed on IDEAS

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