IDEAS home Printed from https://ideas.repec.org/a/taf/regstd/v59y2025i1p2503967.html

When the rain comes, don’t stay at home! Regional innovation and FDI in the aftermath of the Great Recession

Author

Listed:
  • Riccardo Crescenzi
  • Roberto Ganau

Abstract

Global connectivity is necessary for innovation to thrive. However, in response to external shocks, economies reduce external exposure and focus resources on internal markets. This closure is in contrast to the need for innovative solutions for recovery. We explore this paradox by looking at regional innovation in the United States in the aftermath of the Great Recession. We compare foreign direct investment (FDI) with similar domestic, inter-state investment to assess whether a ‘local innovation premium’ is associated with global connectivity vis-à-vis domestic linkages. We show that what matters for post-crisis innovation is active internationalisation through outward FDI and congruence in technological capabilities between connected territories.

Suggested Citation

  • Riccardo Crescenzi & Roberto Ganau, 2025. "When the rain comes, don’t stay at home! Regional innovation and FDI in the aftermath of the Great Recession," Regional Studies, Taylor & Francis Journals, vol. 59(1), pages 2503967-250, December.
    • Handle: RePEc:taf:regstd:v:59:y:2025:i:1:p:2503967
    DOI: 10.1080/00343404.2025.2503967
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00343404.2025.2503967
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00343404.2025.2503967?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:regstd:v:59:y:2025:i:1:p:2503967. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CRES20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.