Foreign multinationals and domestic innovation: Intra-industry effects and firm heterogeneity

Crescenzi, Riccardo; Gagliardi, Luisa; Iammarino, Simona

doi:10.1016/j.respol.2014.12.009

Cited by 93 publications

(62 citation statements)

References 84 publications

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“…Since technological development tends to be cumulative in nature and characterized by elements that are bounded in specific places, it is suggested that MNEs establish networks for innovation across locations by tapping into regional profiles of specialization and strengthening local technological competencies, thus feeding a regional hierarchy of centers across and within national boundaries (Cantwell and Iammarino 2003). The interactions between regional knowledge bases and MNEs technological strategies are investigated in terms of knowledge spillovers and externalities, particularly in the European (e.g., Cantwell and Piscitello 2005;Ascani and Gagliardi 2014;Crescenzi, Gagliardi, and Iammarino 2015) and the US context (e.g.,…”

Section: Mnes Location Strategies: Host Economy Advantages and Institmentioning

confidence: 99%

Economic Institutions and the Location Strategies of European Multinationals in their Geographic Neighborhood

2016

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This article investigates how the location behavior of Multinational Enterprises (MNEs) is shaped by the economic institutions of the host countries. The analysis covers a wide set of geographically proximate economies with different degrees of integration with the 'Old' 15 European Union (EU) members: New Member States, Accession and Candidate Countries, as well as European Neighborhood Policy (ENP) countries and the Russian Federation. The article aims to shed new light on the heterogeneity of MNE preferences for the host countries' regulatory settings (including labor market and business regulation), legal aspects (i.e. protection of property rights and contract enforcement) and the weight of the government in the economy. By employing data on 6,888 greenfield investment projects, the random-coefficient Mixed Logit analysis shows that, while the quality of the national institutional framework is generally beneficial for the attraction of foreign investment, MNEs preferences over economic institutions are highly heterogeneous across sectors and business functions. JEL Classification: F23, P33, L20, R30.

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Section: Mnes Location Strategies: Host Economy Advantages and Institmentioning

confidence: 99%

Economic Institutions and the Location Strategies of European Multinationals in their Geographic Neighborhood

2016

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“…However, compensation effects of higher valueadded productions and job creation in the home economy are also likely to emerge, particularly in the case of FDI towards regions and countries with a relatively lower level of development (e.g., Barba Navaretti, Castellani, & Disdier, 2010;Castellani & Pieri, 2016;Driffield, Love, & Taylor, 2009;Gagliardi, Iammarino, & RodriguezPose, 2015;Grossman & Rossi-Hansberg, 2006). Positive effects may be strengthened over time thanks to efficiency gains linked to the geographical rationalization of production along the value chain, and to the dynamic benefits stemming from tapping into new sources of innovation and technical knowledge elsewhere (Cantwell & Iammarino, 2003;Castellani & Pieri, 2013;Crescenzi, Gagliardi, & Iammarino, 2015).…”

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confidence: 99%

Global Investments and Regional Development Trajectories: The Missing Links

Crescenzi

Iammarino

2016

SSRN Journal

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Global investments and regional development trajectories: the missing links. Regional Studies. Regional economic development has been long conceptualized as a non-linear, interactive and socially embedded process: these features were traditionally regarded as spatially mediated and highly localized. However, unprecedentedly fast technological change coupled with the intensification of global economic integration has spurred the need to place regional development in a truly open and interdependent framework. Despite substantial progress in the academic literature, rethinking regional development in this perspective still presents a number of challenges in terms of concepts, empirical evidence and policy approaches. Following an interdisciplinary assessment of how openness and connectivity -proxied by one of the many cross-border flows, i.e., global investments -interact with regional economic development trajectories, this paper presents a picture of the geography of foreign investments from and to the European regions and its change after the financial and economic crisis in 2008. This simple exercise sheds some initial light on how the operationalization of regional connectivity can improve one's empirical understanding of the evolution of regional economies and the policy approach needed to support their reaction to change. RÉSUMÉLes investissements mondiaux et les trajectoires de l'aménagement du territoire: les chaînons manquants. Regional Studies. Depuis longtemps le développement économique régional a été conceptualisé comme un processus interactif non-linéaire qui est bien intégré sur le plan social: par le passé ces caractéristiques-là étaient considérées très influencées par l'espace et par la localisation. Cependant, l'évolution technologique à un rythme sans précédent conjointement avec l'intensification de l'intégration économique mondiale a stimulé la nécessité de mettre l'aménagement du territoire au sein d'un cadre vraiment ouvert et interdépendant. En dépit du progrès significatif évident dans la litérature spécialisée, repenser l'aménagement du territoire de ce point de vue pose un nombre de défis en termes des notions, des preuves RESUMENTrayectorias de inversiones globales y desarrollo regional: los eslabones perdidos. Regional Studies. El desarrollo económico regional suele ser conceptualizado como un proceso no lineal, interactivo y socialmente integrado: estas características se solían considerar como espacialmente mediadas y altamente localizadas. Sin embargo, debido al rápido cambio técnico sin precedentes junto con la intensificación de la integración económica global, ha surgido la necesidad de colocar el desarrollo regional en un marco realmente abierto e interdependiente. Aunque en la bibliografía académica se han realizado grandes avances, el replanteamiento del desarrollo regional a este respecto todavía presenta una serie de retos en términos de conceptos, evidencia empírica y enfoques políticos. Tras una valoración interdisciplinaria sobre cómo la transparencia y la cone...

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“…In consideration of stability, the efficiency, sales, capital intensity, profit and political connections of firms are, as control variables, included in the equation (21). The control variables are chosen by reference to Howitt et al (2005) and Crescenzi et al (2015).…”

Section: Methodsmentioning

confidence: 99%

The Government Support and the Innovation of the New Energy Firms

Du¹,

Li²

2017

Preprint

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Government support plays an important role in Chinese economy. New energy industries, concerning innovation-driven source and environmental protection, are also supported by government. This paper aims to study the effects of the traditional government support at supply side on firms' innovation and development. In this paper, we propose enterprise behavior model including characteristics of new energy industries, and study the innovation reaction of firms to government support in different situation. We further use propensity score matching to verify the results in theoretical model, and conduct robustness analysis. Our main conclusions include: (1) In the normal years government support can only promote the innovation output of firms which have innovated, however, can not promote the innovation probability of firms which have not innovated. That is to say, government support can only enhance the intensive margin of innovation, but can not enhance the extensive margin of innovation with less competition. (2) In the situation of bad economic environment and intense competition, firms' innovation probability rises as the government support increase. Therefore, government should provide more R&D special subsidies and implement strict financial supervision to make the effectiveness of support policies especially in the normal years.

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Foreign multinationals and domestic innovation: Intra-industry effects and firm heterogeneity

Cited by 93 publications

References 84 publications

Economic Institutions and the Location Strategies of European Multinationals in their Geographic Neighborhood

Economic Institutions and the Location Strategies of European Multinationals in their Geographic Neighborhood

Global Investments and Regional Development Trajectories: The Missing Links

The Government Support and the Innovation of the New Energy Firms

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