Citation
Tan, Boon Yee and Wan Ngah, Wan Azman Saini
(2017)
Foreign direct investment and research & development activity: the role of competition.
International Journal of Economics and Management, 11 (2).
pp. 467-482.
ISSN 1823-836X
Abstract
This paper investigates the relationship between foreign direct investment (FDI) and domestic research and development (R&D) activity, conditional on product market competition. The generalized Method of Moments (GMM) panel estimator is used to analyze the relationship using a sample of 61 countries over the 2000-2011 periods. The result reveals that FDI has little direct effect on R&D expenditure, but its effect manifests negatively conditional on competition. The finding contradicts with conventional wisdom regarding merits of competition as our evidence shows that competition undermines the effect of FDI on domestic R&D.
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Official URL or Download Paper: http://www.ijem.upm.edu.my/vol11_no2/(11)Foreign%2...
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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; Competition; Research & development; Generalized method of moments |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 04 Jan 2018 10:13 |
| Last Modified: | 04 Jan 2018 10:13 |
| URI: | http://psasir.upm.edu.my/id/eprint/58277 |
| Statistic Details: | View Download Statistic |
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