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Inward FDI and innovation in transitional countries

Author

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  • Allan Webster

    (Bournemouth University, Executive Business Centre)

Abstract

This study empirically examines the relationship between innovation and foreign ownership for a large sample of firms in 29 transitional countries, taken from the 2013 BEEPS survey. The analysis is based on two different aspects of FDI theory – technology transfer and strategic asset seeking (with respect to R&D). It finds that firms who innovate with respect to new products, new processes and new management techniques have, on balance, more foreign ownership than those who do not. The evidence supports a view that strategic asset seeking is associated with inward FDI. It also supports the view that technology transfer is also an important feature of the relationship between innovation and FDI in transitional countries. Of the two effects the technology transfer effect is of more consequence than the strategic asset seeking effect.

Suggested Citation

  • Allan Webster, 2016. "Inward FDI and innovation in transitional countries," BAFES Working Papers BAFES02, Department of Accounting, Finance & Economic, Bournemouth University.
    • Handle: RePEc:bam:wpaper:bafes02
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    File URL: https://repec.bmth.ac.uk/bam/wp/BAFES02.pdf
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    More about this item

    Keywords

    FDI; innovation; transition; firm; technology transfer; strategic asset seeking;
    All these keywords.

    JEL classification:

    • 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
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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