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Technology and the Generation of International Knowledge Spillovers. An Application to Spanish Manufacturing Firms

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Author Info

  • Isabel Álvarez

    () (Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales (ICEI))

  • José Molero Zayas

    () (Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales (ICEI))

Abstract

Technology is among firms ownership advantages explaining their internationalisation as, now for decades, the eclectic approach has highlighted. The debate about the positive versus negative effects that foreign capital generates in the host economy has gained a new relevance today insofar as, on the one hand, the concept of systems of innovation allows us to rethink the interaction with the domestic/recipient economies and, on the other, the increasing internationalisation of the technological activities of multinational companies (MNCs) introduces new forms of that interaction. Therefore, the possibility of generation of external effects by MNCs today demands a new reformulation of the problem. In this vein, one of the strengthening aspects commonly underlined is that foreign knowledge, not completely appropriable by the foreign firms, may spill over into domestic firms. However, since the findings of the empirical evidence are not fully confirmatory of the hypothesis, and taking into account the new conditions, this essay attempts to offer new light with research about the Spanish manufacturing firms. Two main issues are focused on this analysis. First, the importance of dynamics in the assessment of technological spillovers motivated by foreign direct investment (FDI), which is possible thanks to the availability of a panel data for manufacturing firms in Spain in the period 1991-1999. Second, the importance that technology may have for the generation of spillovers and to what extent the Pavitt taxonomy of industries is still useful for in depth analysis of such a learning process.

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Bibliographic Info

Paper provided by Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales in its series Working Papers del Instituto Complutense de Estudios Internacionales with number 01-04.

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Length: 21 pages
Date of creation: 2004
Date of revision:
Handle: RePEc:ucm:wpaper:01-04

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Related research

Keywords: Foreign capital; Foreign direct investment; Spanish manufacturing firms; Knowledge Spillovers;

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References

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Citations

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Cited by:
  1. Marin, Anabel & Sasidharan, Subash, 2010. "Heterogeneous MNC subsidiaries and technological spillovers: Explaining positive and negative effects in India," Research Policy, Elsevier, vol. 39(9), pages 1227-1241, November.
  2. Estrada, Isabel & de la Fuente, Gabriel & Martín-Cruz, Natalia, 2010. "Technological joint venture formation under the real options approach," Research Policy, Elsevier, vol. 39(9), pages 1185-1197, November.
  3. Marin, Anabel & Costa, Ionara, 2009. "Thinking locally: Exploring the importance of a subsidiary-centered model of FDI-related spillovers in Brazil," UNU-MERIT Working Paper Series 008, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.
  4. Quintás, Mari­a A. & Vázquez, Xosé H. & Garci­a, José M. & Caballero, Gloria, 2008. "Geographical amplitude in the international generation of technology: Present situation and business determinants," Research Policy, Elsevier, vol. 37(8), pages 1371-1381, September.
  5. Elisa Giuliani, 2010. "Multinational Corporations, Technology Spillovers and Human Rights's Impacts on Developing Countries," LEM Papers Series 2010/06, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  6. Huang, Can & Qu, Zhe & Zhang, Mingqian & Zhao, Yanyun, 2007. "R&D offshoring and technology learning in emerging economies: Firm-level evidence from the ICT industry," UNU-MERIT Working Paper Series 023, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.
  7. Estrada Vaquero, Isabel & Mart¡n Cruz, Natalia & Fuente Herrero, Gabriel de la, 2008. "Technological Strategic Alliances: Formation under the Real Options Approach," Working Papers "New Trends on Business Administration". Documentos de Trabajo "Nuevas Tendencias en Dirección de Empresas". 2008-04, Interuniversity Research Master and Doctorate Program (with a quality mention of ANECA) on "Business Economics", Universities of Valladolid, Burgos, Salamanca and León (Spain). Until 2008, Interunive.
  8. Reiter, S.L. & Steensma, H. Kevin, 2010. "Human Development and Foreign Direct Investment in Developing Countries: The Influence of FDI Policy and Corruption," World Development, Elsevier, vol. 38(12), pages 1678-1691, December.

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