Product Sophistication and Spillovers from Foreign Direct Investment

Foreign direct investment by multinational corporations in emerging economies: a comprehensive bibliometric analysis

“…The third period (2015-2020) counts 241 articles: 65 articles (27%) deal with the determinants of FDI such as strategic asset seeking (Meyer, 2015) and barriers of FDI (Padilla-Perez and Gomes Nogueira, 2016), 50 articles (21%) with the entry mode of MNCs such as the employment of Outward foreign direct investment (OFDI) for knowledge seeking and integration (Liu et al, 2017), the relationship between exports and entry mode (Bhasin and Paul, 2016), 31 (13%), deal with the impacts of FDI on innovation performance and the impact of FDI on economic growth in developing countries (Huber, 2018), 26 (11%), deal with corporate governance and how the government influences internationalization (Panibratov, 2016), 14 (6%), deal with MNCs' location choice decisions (Gao et al, 2019;Shukla et al, 2019), while 55 (23%), deal with other topics such as geographic diversification effects on firm profitability (Kim et al, 2015) or assessing the source and nature of competitive advantages of multinationals which expand in emerging economies (Williamson, 2015).…”

“…FDI by MNCs plays an important key role in emerging economies' economic development (Danescu and Nistor, 2012;Huber, 2018) and facilitates the entry of new and advanced technologies (Borensztein et al, 1998). Also, emerging economies benefit from inward FDI through capital accumulation, which affects positively the host economy's Balance of Payments (BoP) (Amighini et al, 2017;Testas, 2003).…”