Human capital, skills and competencies: Varying effects on inward FDI in the EU context

Kottaridi, Constantina; Louloudi, Konstantina; Karkalakos, Sotiris

doi:10.1016/j.ibusrev.2018.10.008

Cited by 51 publications

(49 citation statements)

References 64 publications

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“…In this context, there are discrepancies in previous literature when it comes to innovation performance. There are authors who believe that it is shown to be more efficient from a work perspective, as firms can trust the human capital associated with the use of knowledge sources and the organizational capacities of the parent companies [22,65]. In fact, companies with FDI are better positioned than their national counterparts when it comes to translating the diversity of alliances into better innovation performance with a high level of human capital [30].…”

Section: Absorptive Capacitymentioning

confidence: 99%

Cooperation Networks as a Driver of Sustainability-Oriented Innovation

Melane-Lavado

Álvarez-Herránz

2020

Sustainability

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Companies can contribute to sustainable development in a dynamic and globalized market, such as today’s, through Sustainability-Oriented Innovation (SOI). However, to do this implies meeting specific requirements and dealing with greater complexity because of the higher level of sophistication of cooperation networks for this kind of innovation. In this context, to meet the requirements demanded by SOI, Foreign Direct Investment (FDI) is considered fundamental. However, it is not known whether their capacity to focus more on heterogeneous knowledge sources, which, thanks to their cooperation networks, are broad and geographically diverse, would have a differential impact on SOIs. Through comparative analysis, this paper attempts to shed light on the possible network differences for companies, with and without FDI, looking to undertake SOI. It focuses on the knowledge framework and geographical scope stemming from cooperation for successfully undertaking sustainable developments. To this end, three networks had to be set up, which include diversity, scope, experience, and frequency of national, European, and global cooperation. The results lend strength to the theory that SOI is favored by European and global cooperation networks if companies have FDI, and by national networks if there is no foreign participation. For this, the role of absorptive capacity is key, understood as a joint analysis of R&D intensity and the skills and education of employees tasked with innovation, and the implementation of new organizational methods. Lastly, it is confirmed that having FDI allows companies to have qualified employees, and better methods and organizational practices in connection with an openness to innovation.

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Section: Absorptive Capacitymentioning

confidence: 99%

Cooperation Networks as a Driver of Sustainability-Oriented Innovation

Melane-Lavado

Álvarez-Herránz

2020

Sustainability

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“…In line with earlier studies [2,41,57,61,69], inflows of FDI were considered. Furthermore, we comprise measures set out in the 2030 Agenda for Sustainable Development [48], relating to poverty [13], inequality of income distribution [59,112], education [3,13,20,34,39,[41][42][43]46,52,71,112,118], innovation [14,28,65,104], transport infrastructure [3,13,52,114], information technology [13,28], institutional quality [2,[13][14][15][18][19][20]28,39,41,42,44,46,52,107,115,11...…”

Section: Sample Selection and Variablesmentioning

confidence: 99%

“…Nonetheless, according to Henderson [33], favoritism entails boundaries in capital markets, export/import markets, and licensing of production rights, all supporting companies that locate in the national capital. Also, Kottaridi, et al [34] claimed that foreign investors are not confident in Central and Eastern Europe (CEE) countries' governments concerning proper use of funds in education. Hence, transition economies show lack of transparency, weak standards of business conduct, poor protection of creditor and minority shareholder rights [35].…”

Section: Introductionmentioning

confidence: 99%

Exploring Foreign Direct Investment–Economic Growth Nexus—Empirical Evidence from Central and Eastern European Countries

2019

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This study aims to examine the link between foreign direct investment (FDI) inflows and economic growth, also considering several institutional quality variables, as well as sustainable development goals (SDGs) set in the 2030 Agenda for Sustainable Development. By estimating panel data regression models for a sample of 11 Central and Eastern European countries, from 2003 to 2016, the empirical outcomes provide support for a non-linear relationship between FDI and gross domestic product per capita. Regarding institutional quality, it is found that control of corruption, government effectiveness, regulatory quality, rule of law, and voice and accountability positively influence growth, while political stability and absence of violence/terrorism is not statistically significant. Moreover, SDGs such as poverty, income distribution, education, innovation, transport infrastructure, and information technology are noteworthy drivers of growth. The outcomes of panel fully modified and dynamic ordinary least squares partly confirm the findings. The panel vector error-correction model Granger causalities provide support for a short-run one-way causal association running from FDI to growth and a long-run two-way causal connection among FDI and growth. Furthermore, in the long run, unidirectional causal relationships running from each institutional quality indicator to economic growth and FDI are set out.

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“…Article [20] analyzes the regional experience of investing in human capital through the dynamics of investments in the spheres of education and health care. Papers [15,21] examine the impact of human capital on regional economic growth through investment in education and scientific research, article [22] -through health and professional competences. Thus, most studies attach much importance to education and health care in the process of investing in human capital and substantiate the growth of the shares of these areas in overall investment expenditures.…”

Section: Literature Review and Problem Statementmentioning

confidence: 99%

Devising a method to optimize the investment structure aimed to achieve strategic targets in the socioeconomic development of regions

Mazelis

Lavrenyuk²,

Krasko

et al. 2020

EEJET

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Human capital, skills and competencies: Varying effects on inward FDI in the EU context

Cited by 51 publications

References 64 publications

Cooperation Networks as a Driver of Sustainability-Oriented Innovation

Cooperation Networks as a Driver of Sustainability-Oriented Innovation

Exploring Foreign Direct Investment–Economic Growth Nexus—Empirical Evidence from Central and Eastern European Countries

Devising a method to optimize the investment structure aimed to achieve strategic targets in the socioeconomic development of regions

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Human capital, skills and competencies: Varying effects on inward FDI in the EU context

Cited by 51 publications

References 64 publications

Cooperation Networks as a Driver of Sustainability-Oriented Innovation

Cooperation Networks as a Driver of Sustainability-Oriented Innovation

Exploring Foreign Direct Investment–Economic Growth Nexus—Empirical Evidence from Central and Eastern European Countries

Devising a method to optimize the investment structure aimed to achieve strategic targets in the socio­economic development of regions

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Product

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Devising a method to optimize the investment structure aimed to achieve strategic targets in the socioeconomic development of regions