Crescenzi, Riccardo, Gagliardi, Luisa and Iammarino, Simona (2015) Foreign multinationals and domestic innovation: intra-industry effects and firm heterogeneity. Research Policy, 44 (3). pp. 596-609. ISSN 0048-7333
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Abstract
This paper looks at foreign Multinational Enterprises (MNEs) investing in the UK and at their impact on the innovation performance of domestic firms active in their same sector. By employing data on Foreign Direct Investments matched with firm-level information the paper develops a direct measure of capital inflows at a three-digit industry level. In order to capture innovation in both manufacturing and services the paper relies on a broader proxy for firm innovativeness based on the Community Innovation Survey (CIS). The results suggest that domestic firms active in sectors with greater investments by MNEs show a stronger innovative performance. However, the heterogeneity across domestic firms in terms of internationalization of both their market engagement and ownership structure is the main driver of this effect.
| Item Type: | Article |
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| Official URL: | http://www.journals.elsevier.com/research-policy |
| Additional Information: | © 2014 Elsevier B.V. |
| Library of Congress subject classification: | H Social Sciences > H Social Sciences (General) H Social Sciences > HC Economic History and Conditions |
| Journal of Economic Literature Classification System: | F - International Economics > F2 - International Factor Movements and International Business > F22 - International Migration O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O33 - Technological Change: Choices and Consequences; Diffusion Processes |
| Sets: | Departments > Geography and Environment Research centres and groups > Spatial Economics Research Centre Collections > Economists Online |
| Projects: | SSH-CT 2010-266959 (PICK-ME) |
| Funders: | European Union Seventh Framework Programme FP7/2007-2013 |
| Date Deposited: | 20 May 2015 10:26 |
| URL: | http://eprints.lse.ac.uk/62028/ |
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