Abstract
This paper explores the existence of technological spillovers coming from FDI in less developed host countries. Our results are based on a direct measure of technological flows across firms: patent citations. We find evidence supporting the idea that FDI exerts positive technological spillovers in the host country, although the results suggest that it may take about 8–9 years for these spillovers to occur. In addition, our results suggest that these spillovers are not homogeneous across all countries in the sample. While we find positive spillovers in South East Asian economies, this turns out not to be the case for South American economies.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.