Moving ideas across borders: Foreign inventors, patents and FDI
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comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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INVESTIGACIONMetadata
Title
Moving ideas across borders: Foreign inventors, patents and FDIDate
2022-05Publisher
WileyISSN
0378-5920; 1467-9701Bibliographic citation
Cuadros, A., Navas, A., & Paniagua, J. (2022). Moving ideas across borders: Foreign inventors, patents and FDI. The World Economy, 00, 1–27. https:// doi.org/10.1111/twec.13303Type
info:eu-repo/semantics/articlePublisher version
https://onlinelibrary.wiley.com/doi/10.1111/twec.13303Version
info:eu-repo/semantics/publishedVersionSubject
Abstract
This paper explores the link between innovation, migration and Foreign Direct Investment (FDI) empirically within a theoretically consistent framework. It analyses how migrant inventors enhance multinational firms' ... [+]
This paper explores the link between innovation, migration and Foreign Direct Investment (FDI) empirically within a theoretically consistent framework. It analyses how migrant inventors enhance multinational firms' adaptive innovation performance and ultimately foster FDI towards the migrant's country of origin. Foreign migrant inventors (migrants who filed a patent in their host country) possess a unique mix of technical knowledge and cultural background that contribute to adapting Research and Development (R&D) activities for foreign markets. Therefore, FDI increases in country-pair-sectors with specific endogenous investment in quality, which depends on the migrants in the R&D sector. We constructed a novel panel country-sector data set including FDI, patents and migrant inventors and applied a two-stage structural gravity estimation procedure using migrant inventors as a valid instrument for patents. The results show sizable effects on the extensive and intensive margins of greenfield FDI. [-]
Is part of
World Economy, (2022)Funder Name
Research Challenges Programme of Ministerio de Ciencia e Innovación | Universitat Jaume I | Generalitat Valenciana | Kellogg Institute for International Studies (University of Notre Dame)
Project code
TI2018-100899-B- I00 | RTI2018-100983-B-100 | OPI02A/19 | UJI-B2019-15 | GV/2020/01
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info:eu-repo/semantics/openAccess
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