Citation
Wan Ngah, Wan Azman Saini and Mahamad Zakaria, Muhammad Farhan and Tee, Chee Lip and Tun, Yin Li
(2018)
FDI inflows and R&D activity in developing countries.
International Journal of Economics and Management, 12 (spec. 2).
pp. 509-521.
ISSN 1823-836X; ESSN: 2600-9390
Abstract
This study investigates the impact of FDI inflows on R&D activity in 48 developing countries for the 1996-2013 periods. The results based on the system Generalized Method of Moment (GMM) estimator show that FDI inflows discourage R&D activity in developing countries. This finding is consistent with the view that foreign R&D investment is a substitute for domestic R&D efforts. This suggests that firms in developing countries are more inclined toward imitation of the existing products rather than innovation of a new technology. However, domestic R&D activity appears to benefit from imports of machinery and equipment, stronger legal protections, better human capital and higher economic growth.
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Official URL or Download Paper: http://www.ijem.upm.edu.my/vol12_noS2/16)%20FDI%20...
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | Faculty of Economics and Management, Universiti Putra Malaysia |
| Keywords: | Foreign direct investment; Research & development; Generalised method of moment; Developing countries |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 12 Nov 2019 07:04 |
| Last Modified: | 12 Nov 2019 07:04 |
| URI: | http://psasir.upm.edu.my/id/eprint/16096 |
| Statistic Details: | View Download Statistic |
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