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FDI spillover effects on innovation activities of knowledge using and knowledge creating firms: Evidence from an emerging economy

Vujanović, Nina, Radošević, Slavo, Stojčić, Nebojša, Hisarciklilar, Mehtap and HASHI, Iraj (2022) FDI spillover effects on innovation activities of knowledge using and knowledge creating firms: Evidence from an emerging economy. Technovation, 118. p. 102512. ISSN 01664972

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Abstract or description

The beneficial effects of innovation for firm performance and competitiveness are well established but it has been suggested in recent years that innovation regimes differ between advanced and emerging economies. While advanced economies rely on knowledge generation, their emerging counterparts follow mainly knowledge use regime through the application of existing knowledge and technology. Climbing up the technological ladder can be helped through spillovers from foreign investors to local firms. We investigate whether FDI spillovers influence different phases of innovation process (from decision to innovate to productivity) among knowledge using and knowledge creating firms in an emerging European economy. The results show that innovation process in emerging economies is closer to imitation than creation of novel products. Local firms benefit from foreign counterparts in the early phase of innovation process. Stronger FDI effects are found on firms that undertake innovation through knowledge use than through knowledge generation.

Item Type: Article
Uncontrolled Keywords: Knowledge use, Knowledge generation, FDI, Innovation, Emerging economy
Faculty: Staffordshire Business School > Business and Marketing
Depositing User: Library STORE team
Date Deposited: 25 Mar 2022 15:36
Last Modified: 21 Mar 2024 01:38
URI: https://eprints.staffs.ac.uk/id/eprint/7268

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