Foreign direct investment and international R&D spillovers in OECD countries revisited by Suyi Kim and Jungsoo Park
By: Kim, Suyi
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Contributor(s): Park, Jungsoo.
Material type: 
ArticlePublisher: 2017Subject(s): INVERSIONES EXTRANJERAS | INVESTIGACION | DESARROLLO TECNOLOGICO | BENEFICIOS | ORGANIZACION DE COOPERACION Y DESARROLLO ECONOMICO
In:
Journal of Institutional and Theoretical Economics : JITE p. 431-453Summary: We test whether foreign direct investment (FDI) is an important channel of internationalR&D spillovers between OECD countries. The results show that R&D spillovers through inward FDI had considerable positive effects on total factor productivity (TFP) in the 1990s, but not in the 2000s. By contrast, R&Dspilloversthrough outward FDI had positive influence on TFP in the 2000s, butnot in the 1990s. The contributions of foreign R&D are more related to FDI flows tan to the size of the host countries. Finally, the countries benefiting from the R&Dspillovers drastically differ from the countries contributing to the R&D spillovers.
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Disponible en línea a trevés de la Biblioteca del Instituto de Estudios Fiscales. Bibliografía. Resumen.
We test whether foreign direct investment (FDI) is an important channel of internationalR&D spillovers between OECD countries. The results show that R&D spillovers through inward FDI had considerable positive effects on total factor productivity (TFP) in the 1990s, but not in the 2000s. By contrast, R&Dspilloversthrough outward FDI had positive influence on TFP in the 2000s, butnot in the 1990s. The contributions of foreign R&D are more related to FDI flows tan to the size of the host countries. Finally, the countries benefiting from the R&Dspillovers drastically differ from the countries contributing to the R&D spillovers.
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