Abstract
The purpose of this study is to examine the intensity of technology and knowledge transfer to the selected Baltic countries through foreign direct investment. The intensity of technology and knowledge transfer across the Baltic countries varies widely, with Estonia showing the leading position in the Baltic region. The amount of foreign direct investment in three countries is linked with the level of technology and knowledge transfer. It is indicated that during the Financial Crisis in 2008, the extent of foreign direct ownership changed in all three countries and later recovered. In the aftermath of this disruption, countries recovered their stock Foreign direct investment attraction rates and almost reached their 2004 level. Latvia has achieved a 50 per cent increase among Baltic countries, benefiting from it. Foreign direct investment and technology transfer increased through effective strategies and policies. In contrast, Estonia maintains a sustained stock foreign direct investment and has moderately lower margins than in other Baltic countries. Among countries, Estonia is the dominant stock FDI absorber in the Baltic region and have made significant contributions in the region.
Highlights
Technology and knowledge transfer among countries is an important topic in recent studies
The purpose of this study is to examine the intensity of technology and knowledge transfer to the selected Baltic countries through foreign direct investment
The main goal of the paper is the revision of stock Foreign direct investment (FDI) flows in three Baltic countries – Lithuania, Latvia, and Estonia
Summary
Technology and knowledge transfer among countries is an important topic in recent studies. The FDI, the transfer of technology and knowledge from Nordic to Baltic Countries have not yet been researched. The study revises the technology and knowledge transfer that help to support the development of countries' economies. The key question is to what extent the economies of Baltic countries benefit due to the transfer of technology and knowledge via FDI from the Nordics. In this regard, the main goal of the paper is the revision of stock FDI flows in three Baltic countries – Lithuania, Latvia, and Estonia. Technology and knowledge transfer from Nordics to the Baltics is described. The results of the study are summarized under the conclusions in the sixth section
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