Foreign direct investment and the innovation performance of local enterprises

Yue, Wen

doi:10.1057/s41599-022-01274-6

Cited by 21 publications

(16 citation statements)

References 39 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…First, FDI offers modern technology, equipment, and managerial expertise in addition to cash, which may have a ripple impact on other areas of the economy, such as demonstration, learning, and employee turnover. Therefore, FDI helps local businesses perform better in terms of innovation [28]. For instance, with the introduction of foreignfunded businesses, local businesses may mimic and raise their investment in R&D by learning the technology and management expertise of inflows of FDI technologies [80].…”

Section: Outcomes Of Panel Amg Estimatormentioning

confidence: 99%

“…Additionally, the study found that innovation is typically concentrated in certain regions, and the flow of technology and knowledge from FDI facilitates the coordination of innovation and development among neighbouring cities. Another study by Yue [28] shows that FDI can boost the innovation capabilities of local Chinese businesses by way of spillovers and competition effects; however, the effects may differ among local firms. The most significant impact is observed in non-state-owned enterprises with high productivity and capital intensity.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Does FDI foster technological innovations? Empirical evidence from BRICS economies

et al. 2023

View full text Add to dashboard Cite

The idea behind the spillover effect of FDI on economic growth is based on the idea that multinational companies can bring technological innovation and rich knowledge to host countries. Therefore, FDI plays a vital role in technological innovations. This study aims to investigate the impact of foreign direct investment (FDI) on the technological innovation of BRICS countries from 2000 to 2020. This study uses the latest econometric techniques, such as the cross-sectional dependence (CD) test, second-generation unit root tests, panel cointegration tests and the Dumitrescu-Hurlin causality test. For long-run run estimation, this study uses the augmented mean group (AMG) panel estimator and the common correlated effects mean group (CCEMG) estimator for empirical analysis. The findings of the study show that foreign direct investment (FDI), trade openness, economic growth, and research & development expenditure positively impact technological innovation in BRICS countries. Also, the model’s long-term causality and lagged error correction term (ECT) are significantly negative. Suggested policy measures will be helpful for BRICS economies in boosting technology innovation through FDI.

show abstract

Section: Outcomes Of Panel Amg Estimatormentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Does FDI foster technological innovations? Empirical evidence from BRICS economies

et al. 2023

View full text Add to dashboard Cite

show abstract

“…As seen by the previous regression results, the influence of OFDI on the manufacturing industry's GVC position varies dramatically between trade modes. A mechanism analysis is [7,8,20]. The second stage is to regress the mechanism variables' OFDI and interaction terms against the manufacturing industry's GVC position.…”

Section: Mechanism Analysismentioning

confidence: 99%

“…Firstly, it facilitates the integration of foreign capital, labor, and other resources, thereby enhancing the efficiency of domestic resource allocation [6]. Additionally, OFDI enables China's manufacturing industry to establish closer ties with foreign R&D [7]. In order to facilitate the acquisition of information pertaining to crucial production technologies and advanced management expertise, as well as to enhance its capacity for scientific and technology innovation and value creation [8].…”

Section: Introductionmentioning

confidence: 99%

Outward foreign direct investment and GVC position of manufacturing industry: A perspective on China’s general trade and processing trade structure

Ren,

Le,

2023

PLoS ONE

View full text Add to dashboard Cite

Depending on the trading modes, the effect of Outward Foreign Direct Investment (OFDI) on the manufacturing industry’s position within the global value chain (GVC) may differ considerably. This paper examines the GVC position of China’s manufacturing industry from 2003 to 2018, specifically focusing on the general trade and processing trade. Drawing upon this premise, this paper analyzes the effect and mechanism by which OFDI influences the GVC position of China’s manufacturing industry. The result demonstrates that: (1) China’s processing trade manufacturing industry has a much lower GVC position than general trade manufacturing industry. The GVC position of China’s general trade manufacturing industry rose from 2.76 to 2.90 from 2003 to 2018, while processing trade manufacturing industry remained around 1.93. (2) OFDI boosts the GVC position of general trade manufacturing industry through facilitating reverse technology spillover, inducing industry structure upgrading, and enabling export scale expansion. (3) OFDI hinders the GVC position growth of processing trade manufacturing industry. The research findings offer theoretical backing for China to develop OFDI strategies that are tailored to different trading modes within the new framework of dual circulation. These strategies aim to facilitate the transformation and advancement of the manufacturing industry, as well as the growth of the GVC position.

show abstract

“…Risks also imply errors of the second kind, due to which projects that carry a potential danger to society can receive funding and be implemented (Yue, 2022). Examples about this could be the construction of new industrial facilities in close proximity to residential buildings in cities, an increase in the scale of activities of irresponsible employers, etc.…”

mentioning

confidence: 99%

Economic and legal approaches to the humanization of FinTech in the economy of artificial intelligence through the integration of blockchain into ESG Finance

Kazachenok

Stankevich

Chubaeva

et al. 2023

Humanit Soc Sci Commun

View full text Add to dashboard Cite

The purpose of the article is to study the current experience and prospects of the humanization of FinTech in the economy of artificial intelligence. The research methodology is based on the use of the method of structural equation modeling (SEM). The study analyzes statistics for 2021–2022 (annual indicators). The sample included 118 countries. As a result, the modern international experience of FinTech humanization in the economy of artificial intelligence has been studied and the causal relationships of FinTech humanization in the economy of artificial intelligence through the integration of blockchain into ESG finance have been identified. The article proposes an economic and legal approach to the humanization of FinTech in the economy of artificial intelligence by integrating blockchain into ESG finance to ascertain the economic and political implications. The article contributes to the literature by clarifying the scientific provisions of the concept of the humanization of the economy. The theoretical significance of the obtained results is that the developed model (SEM) and the detailed regression equations have formed a comprehensive understanding of the patterns of humanization of FinTech. The resulting econometric model can be used to predict prospects for the development of blockchain-based ESG finance, as well as high-precision planning of state economic policy. The practical significance of the authors’ conclusions and recommendations is that they have formed a clear idea of modern barriers (“market failures” and “institutional traps”) and prospects (improvement of the institutional environment through the application of an economic and legal approach) to the humanization of FinTech in the economy of artificial intelligence through the integration of blockchain into ESG finance.

show abstract

Foreign direct investment and the innovation performance of local enterprises

Cited by 21 publications

References 39 publications

Does FDI foster technological innovations? Empirical evidence from BRICS economies

Does FDI foster technological innovations? Empirical evidence from BRICS economies

Outward foreign direct investment and GVC position of manufacturing industry: A perspective on China’s general trade and processing trade structure

Economic and legal approaches to the humanization of FinTech in the economy of artificial intelligence through the integration of blockchain into ESG Finance

Contact Info

Product

Resources

About