Review of studies on FDI: The case of Baltic States

Tvaronavičienė, Manuela; Burinskas, Arunas

doi:10.14254/2071-8330.2022/15-2/14

Cited by 3 publications

(2 citation statements)

References 52 publications

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“…Sidak et al (2023) insisted on the responsibility of legal authorities in the provision of regulated development in strategic sectors, pointing to the financial sector's vulnerability if not included in the innovative development process. Tvaronavičienė and Burinskas (2022) analyze the effect of foreign direct investments on the innovative sectors. Klus (2022) added the geopolitical aspect to the technological transfer process.…”

Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

Commercialization of Ukrainian & Slovak scientific research: facets and implementation algorithm

Yermachenko,

Hrebennyk,

Litvinov

et al. 2023

JESI

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The article emphasizes the need to develop entrepreneurship in the academic environment to commercialize the scientific research results as one of the possible directions. The problems that prevent Ukrainian and Slovak scientists from commercializing their scientific developments are highlighted, classified, and described in detail, and recommendations are proposed for solving these problems. The commercialization of scientific research is based on transforming scientific developments into profitable commercial products or services that can be successfully introduced to the market. The study examines various aspects of commercialization, including evaluating the commercial potential of scientific research, developing business models, finding investors and partners, intellectual property, marketing innovations, and sales. The elements of innovative ecosystems of different countries and Ukraine are described. Various algorithms for commercializing scientific research are suggested and scrutinized, including specific steps scientists must perform to introduce their developments to the market successfully. The difference in commercialization processes in Ukraine and economically developed countries is demonstrated. A business commercialization algorithm is proposed, which assumes that the first step is to analyse the demand for innovation. It has been proven that projects developed under the market's needs today and in the future are more effective for commercial use. Hence, this approach provides better opportunities for attracting investments, creating strategic alliances with the industrial sector, and increasing effective commercial projects. Recommendations suggested by the authors can help Ukrainian and Slovak scientists commercialize their scientific works more effectively, which will positively impact economic development.

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Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

Commercialization of Ukrainian & Slovak scientific research: facets and implementation algorithm

Yermachenko,

Hrebennyk,

Litvinov

et al. 2023

JESI

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“…Second, despite the relatively small size, large within-country convergence issues have been identified [16,17]. Third, the scientific literature has addressed several features of internationalization's role in the Baltic states' economic development, including migration, especially emigration and return migration (e.g., [18,19]), but more recently also the inward migration from third countries [20], inward FDI patterns [18][19][20][21], outward FDI [22][23][24][25][26], and trade [27,28].…”

Section: Relevance Of the Datasetmentioning

confidence: 99%

Internationalization in the Baltic Regional Accounts: A NUTS 3 Region Dataset

Holmen,

Gavoille,

Masso

et al. 2023

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Features of internationalization, such as trade, foreign direct investments, and international migration, are crucial for understanding the economic developments of small and open economies. However, studying internationalization at the country level may obscure significant heterogeneity in its relationship with economic growth and other economic and social outcomes. Regional accounts provide insights into the geography of internationalization, but collections of such disaggregated statistics are rarely provided by statistical bureaus. The purpose of this paper is twofold. First, we demonstrate how regional account data, including internationalization indicators, can be constructed to obtain consistent and homogeneous regional-level series using a combination of micro and macro data sources. Second, our aim is to foster spatial research on internationalization and the spatial economy in the Baltics by providing comprehensive data collection of socio-economic variables at the NUTS 3 regional level over time. This collection encompasses trade, FDI, and migration, enabling the study of internationalization and other features of the Baltic economy. We present a series of key features, revealing noticeable correlation patterns between regional development and internationalization.

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The Impact of Nordic Foreign Direct Investment on Innovation and Knowledge Transfer in the Baltic Countries

Šimelytė

Tvaronavičienė

2023

International Scientific Conference „Business and Management“

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The FDI from the Nordic countries dominate in the Baltic Countries. The Nordic companies invest in various business sectors including the industry and high-tech. Nordic countries are one of the leaders in innovation, patent, industry design and trademark registration. Internalization theories state that host countries benefit from the foreign capital due to “know-how”. The technology and knowledge transfer from the foreign capital companies are defined as even driving force for the economic growth. Thus, the aim of the article is to determine the impact of FDI from the Nordic countries on stimulation of innovations in the Baltic Countries and the interlinkages with the economic growth. The article applies, descriptive statistics and correlation-regression modelling. The findings of the research full fills the gaps in internalization and knowledge transfer theories.

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Review of studies on FDI: The case of Baltic States

Cited by 3 publications

References 52 publications

Commercialization of Ukrainian & Slovak scientific research: facets and implementation algorithm

Commercialization of Ukrainian & Slovak scientific research: facets and implementation algorithm

Internationalization in the Baltic Regional Accounts: A NUTS 3 Region Dataset

The Impact of Nordic Foreign Direct Investment on Innovation and Knowledge Transfer in the Baltic Countries

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