Effects of economic clusters, FDI and R&D on Innovation: Developing Countries in European Monetary Union Example

• Yıldırım, Durmuş Çağrı ^[1] ; ARUN, KORHAN ^[1]
  1. [1] Namık Kemal University

     Namık Kemal University

     Turquía

     
• Localización: International Journal of Innovation: IJI Journal, ISSN-e 2318-9975, Vol. 7, Nº. 2, 2019 (Ejemplar dedicado a: May-August (Forthcoming articles)), págs. 236-251
• Idioma: inglés
• DOI: 10.5585/iji.v7i2.264
• Enlaces
  • Texto completo (pdf)
• Dialnet Métricas: 1 Cita
• Resumen

  • This study investigates the impact of clusters, FDI, R&D, and GDP per capita on innovation. Using a unique panel dataset obtained from eight developing countries with similar innovation levels that are in and out of economic clusters from 2001-2014. The empirical results show that dynamic (uncountable) effects of clusters are not statistically significant on innovation, but static effects (countable) are. Therefore, clusters are effective for developing countries on trade but not innovation directly that developing country should increase trade for innovation spillover by moderation effect of being in economic unions.

• Referencias bibliográficas
  • AlAzzawi, S. (2012). Innovation, Productivity And Foreign Direct Investment-Induced R&D Spillovers. The Journal of International Trade...
  • Apostolov, M. (2016). Foreign Direct Investments Induced Innovation? A Case Study – Macedonia. Comparative Economic Research, 19(1), 5-25....
  • Appleyard, D. R., & Field, Jr., A. J. (2014). International economics (8th ed.). New York: McGraw-Hill/Irwin.
  • Arun, K., & Yıldırım, D. Ç. (2017). Effects of foreign direct investment on intellectual property, patents and R&D. Queen Mary Journal...
  • Audretsch, D. B., Lehmann, E. E., Paleari, S., & Vismara, S. (2016). Entrepreneurial finance and technology transfer. The Journal of Technology...
  • Baltagi, B. H. (2005). Econometric Analysis of Panel Data (3rd ed.). Chichester: John Wiley & Sons Ltd.
  • Barrios, S., Görg, H., & Strobl, E. (2003). Explaining Firms’ Export Behaviour: R&D, Spillovers and the Destination Market. Oxford...
  • Bende-Nabende, A., Ford, J., & Slater, J. (2001). FDI, Regional Economic Integration and Endogenous Growth: Some Evidence from Southeast...
  • Bere, R. C., Precup, I. B., & Silvestru, C. I. (2015). On Growth Poles from EU Countries in The Framework of Europe 2020. Procedia Economics...
  • Bertinelli , L., & Nicolini, R. (2005). R&D Investments and the Spatial Dimension: Evidence from Firm Level Data. The Review of Regional...
  • Blonigen, B. A., & Davies, R. B. (2004). Do Bilateral Tax Treaties Promote Foreign Direct Investment? In E. K. Choi, & J. Harrigan,...
  • Bordo , M. D., & Jonung, L. (2003). The future of EMU: what does the history of monetary unions tell us? In F. H. Capie, & G. E. Wood,...
  • Borensztein, E., De Gregorio, J., & Lee, J. (1998). How does foreign direct investment affect economic growth? Journal of International...
  • Bosch, J., Capel, L., Cougoule, F., Ferrari, G., & Solanas, S. (2012). Towards Urban High-technolgy Clusters: An International Comparison....
  • Bourreau, M., Lupi, P., & Manenti, F. M. (2014). Old technology upgrades, innovation, and competition in vertically differentiated markets....
  • Brandäo Fisher, B. (2015). FDI Attraction And Innovation Policy: An Absorptıve Capacıty Approach. Revista de Estudios Empresariales. Segunda...
  • Caraman, H., & Simona, O. (2015). Classical, Neoclassical and New Classical Theories and Their Impact on Macroeconomic Modelling. Procedia...
  • Carlberg, M. (1999). European Monetary Union: Theory, Evidence, And Policy. New York, Heidelberg: Physica-Verlag A Springer-Verlag Company .
  • Choi, E. K., & Harrigan, J. (2004). Handbook of international trade. Oxford, Malden: Blackwell Publishing Ltd.
  • Cioran, Z. (2014). EFFECTIVENESS AND LIMITATIONS OF MONETARY POLICY INSTRUMENTS IN ROMANIA AND THE EUROPEAN UNION. CES Working Papers, 6(4),...
  • de Mello Jr., L. R. (1997). Foreign direct investment in developing countries and growth: A selective survey. Journal of Development Studies,...
  • Dyker, D. A. (1999). Foreign direct investment in the former communist world: A key vehicle for technological upgrading? Innovation: The European...
  • Ebner, A. (2013). Cluster policies and entrepreneurial states in East Asia. In S. Eriksson, Clusters and Economic Growth in Asia (pp. 1-21)....
  • Fabre, R., Messerschmidt-Mariet, Q., & Holvoet, M. (2016). New Challenges for Knowledge Digital Dynamics to Access and Sharing. London,...
  • Fagerberg, J., & Verspagen , B. (1996). Heading for Divergence? Regional Growth in Europe Reconsidered. Journal of Common Market Studies,...
  • Falk, M. (2004). What Determines Patents per Capita in OECD Countries? WIFO Working Papers, No. 242 (ÖSTERREICHISCHES INSTITUT FÜR WIRTSCHAFTSFORSCHUNG).
  • Fink, C., & Braga, C. A. (2005). How Stronger Protection of Intellectual Property Rights Affects International Trade Flows. In C. Fink,...
  • Gertler, M. S., & Levitte, Y. M. (2005). Local Nodes in Global Networks: The Geography of Knowledge Flows in Biotechnology Innovation....
  • Giuliani, E. (2013). Network dynamics in regional clusters: Evidence from Chile. Research Policy, 42, 1406–1419. Retrieved from http://dx.doi.org/10.1016/j.respol.2013.04.002
  • Gomez-Herrera, E., Martens, B., & Turlea, G. (2014). The drivers and impediments for cross-border e-commerce in the EU. Information Economics...
  • Gurova, I. (2014). A Theoretical Model for Trade Integration in the CIS Region. Problems of Economic Transition, 57(5), 37-57. doi:http://dx.doi.org/10.2753/PET1061-1991570502
  • Hancké, B. (2013). Labour Market Institutions and Monetary Integration In Europe. Oxford: Oxford University Press.
  • Herzer, D. (2012). How Does Foreign Direct Investment Really Affect Developing Countries’ Growth? Review of International Economics, 20(2),...
  • Hindman, D. (2006). THE EFFECT OF INTELLECTUAL PROPERTY REGIMES ON FOREIGN INVESTMENTS IN DEVELOPING ECONOMIES. Arizona Journal of International...
  • Judge, E. F., & Gervais, D. J. (2015). The limits of patents. In D. J. Gervais, International Intellectual Property A Handbook of Contemporary...
  • Kelly, C., & Sheppard, B. (2017). Common Purpose: Realigning Business, Economies, and Society. Strategy+Business, 56-77.
  • Kesidou, E., & Snijders, C. (2012). External Knowledge and Innovation Performance in Clusters: Empirical Evidence from the Uruguay Software...
  • Kim, D.-H., Lin, S.-C., & Suen, Y.-B. (2012). Dynamic Effects of Financial Openness on Economic Growth and Macroeconomic Uncertainty....
  • Krishna, P. (1998). Regionalism and Multilateralism: A Political Economy Approach. The Quarterly Journal of Economics, 113(1), 227-251. Retrieved...
  • Krishna, P. (1998). Regionalism and Multilateralism: A Political Economy Approach. The Quarterly Journal of Economics, 113(1), 227-251. Retrieved...
  • Kuo, K.-H., & Lee, C.-T. (2016). Economic Integration, Growth and Income Distribution. Australian Economic Papers, 56(1), 58-71. doi:10.1111/1467-8454.12076
  • Lai, E. L.-C. (1998). International Intellectual Property Rights Protection and the Rate of Product Innovation. Journal of Development Economics,,...
  • Lee, J. (2012). Network effects on international trade. Economics Letters, 116, 199-201. doi:10.1016/j.econlet.2012.02.017
  • Levin, A., Lin, C.-F., & Chu, C.-S. J. (2002). Unit Root Tests in Panel Data: Asymptotic and. Journal of Econometrics, 1-24.
  • Liu, T.-K., Chen, J.-R., Huang, C. C., & Yang, C.-H. (2013). E-commerce, R&D, and productivity: Firm-level evidence from Taiwan. Information...
  • Long , C. X., & Wang, J. (2016). Evaluating Patent Promotion Policies in China: Consequences for Patent Quantity and Quality. In D. Prud’homme,...
  • Maddala, G. S., & Wu, S. (1999). A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test. Oxford Bulletin of Economics...
  • Maskus, K. E. (16-19 July 1997). The Role of Intellectual Property Rights in Encouraging Foreign Direct Investment and Technology Transfer....
  • McCloud, N., & Kumbhakar, S. C. (2012). Institutions, foreign direct investment and growth: a hierarchical Bayesian approach. Journal...
  • Milea, C. (2015). Connections Between Foreign Direct Investments and Research-Development- Innovation Activity. Financial Studies, 102-120.
  • Minian, I. (2007). Knowledge, obsolescence, and product segmentation. In A. J. Scott, & G. Garofoli, Development on the Ground Clusters,...
  • Misra, B. S. (2010). Credit Cooperatives in India: Past, Present and Future. New York: Routledge.
  • Möhring, J. (2005). Clusters: Definition and Methodology. In J. Möhring, Business Clusters Promoting Enterprise in Central and Eastern Europe...
  • Najarzadeh, R., Rahimzadeh, F., & Reed, M. (2014). Does the Internet increase labor productivity? Evidence from a cross-country dynamic...
  • Olwan, R. M. (2013). Intellectual Property and Development Theory and Practice. Berlin: Springer. doi:10.1007/978-3-642-27907-2
  • Paraušić, V., Cvijanović, D., Mihailović, B., & Veljković, K. (2014). Correlation between the state of cluster development and national...
  • Pater , R., & Lewandowska, A. (2015). Human capital and innovativeness of the European Union regions. Innovation: The European Journal...
  • Pater, R., & Lewandowska, A. (2015). Human capital and innovativeness of the European Union regions. Innovation: The European Journal...
  • Pedroni , P. (1999, December). Fully Modified OLS for Heterogeneous Cointegrated Panels. Working Paper, 1-40. Indiana University.
  • Pedroni, P. (2000). Fully Modified Ols for Heterogeneous Cointegrated Panels. Nonstationary Panels, Panel Cointegration and Dynamic Panels...
  • Pedroni, P. (2001). Purchasing Power Parity Tests in Cointegrated Panels. Review of Economics and statistics, 83(4), 727-731.
  • Phusavat, K., Comepa, N., Sitko-Lutek, A., & Ooi, K.-B. (2012). Intellectual capital: national implications for industrial competitiveness....
  • Pisani-Ferry, J. (2013). The known unknowns and unknown unknowns of European Monetary Union. Journal of International Money and Finance, 34,...
  • Polanyi, K. (2001). The Great Transformation: The Political and Economic Origins of Our Time. Beacon Press.
  • Preissl , B., & Solimene, L. (2003). The Dynamics of Clusters and Innovation Beyond Systems and Networks. Berlin: Springer-Verlag Berlin...
  • Rivera-Batiz, L. A., & Romer, P. M. (1991). Economic Integration and Endogenous Growth. The Quarterly Journal of Economics, 106(2), 531-555....
  • Rose , R., & Borz, G. (2016). Static and Dynamic Views of European Integration. journal of Common Market Studies, 54(2), 370-387. doi:10.1111/jcms.12295
  • Russu , C. (2016). Foreign Direct Investment in the European Union. Economic Insights – Trends and Challenges, V(LXVIII) (1), 51 - 63.
  • Ryder, R. D., & Madhavan, A. (2014). Intellectual property and business: the power of intangible assets. London: SAGE.
  • Sadeh , T., & Verdun, A. (2009). Explaining Europe’s Monetary Union: A Survey of the Literature. International Studies Review, 11, 277–301.
  • Salmon , M. (2003). Comments. In G. E. Wood, Monetary Unions Theory, history, public choice (pp. 189-193). New York and London: Routledge.
  • Sargent , J., & Matthews, L. (2008). Capital Intensity, Technology Intensity, and Skill Development in Post China/WTO Maquiladoras. World...
  • Schäfer, B. (2016). Monetary union with sticky prices and direct spillover channels. Journal of Macroeconomics, 49, 99–118. Retrieved from...
  • Schneider, P. H. (2005). International trade, economic growth and intellectual property rights: A panel data study of developed and developing...
  • Schneider, P. H. (2005). International trade, economic growth and intellectual property rights: A panel data study of developed and developing...
  • Scott, G. R. (2015). A protocol to evaluate the impact of intellectual property on innovation outcomes. In D. J. Gervais, International Intellectual...
  • Shang, Q., Poon, J. P., & Yue, Q. (2012). The role of regional knowledge spillovers on China's innovation. China Economic Review,...
  • Sölvell, Ö., Lindqvist, G., & Ketels, C. (2003). The Cluster Initiative Greenbook. Cluster-research.org. Retrieved 12 23, 2016, from https://www.hhs.se/contentassets/f51b706e1d644e9fa6c4d232abd09e63/greenbooksep03.pdf
  • Sonmez, A. (2013). Multinational Companies, Knowledge and Technology Transfer Turkey’s Automotive Industry in Focus. New York, Dordrecht,...
  • Tavlas, G. S. (2009). THE BENEFITS AND COSTS OF MONETARY UNION IN SOUTHERN AFRICA: A CRITICAL SURVEY OF THE LITERATURE. Journal of Economic...
  • Ulusoy , V., & Yalcin , E. (2011). Convergence Of Productivity Levels Among The EU Countries: Evidence From A Panel of Industries. Australian...
  • Visser, E.-J. (2009). The Complementary Dynamic Effects of Clusters and Networks. Industry and Innovation, 16(2), 167-195. doi:http://dx.doi.org/10.1080/13662710902764287
  • von Zedtwitz , M. (Jan 2005, January 24-25). International R&D Strategies in Companies from Developing Countries – the Case of China....
  • Walz, U. (1997). Innovation, Foreign Direct Investment and Growth. Economica, New Series, 64(253), 63-79. Retrieved from http://www.jstor.org/stable/2554922
  • Walz, U. (1998). Does an enlargement of a common market stimulate growth and convergence? Journal of International Economics, 45, 297–321.
  • Wasserfallen, F. (2014). Political and Economic Integration in the EU: The Case of Failed Tax Harmonization. Journal of Common Market Studies,...
  • Wetter , J. J. (2011). The Impacts of Research and Development Expenditures The Relationship Between Total Factor Productivity and U.S. Gross...
  • Wheeler , D., & Mody, A. (1992). International Investment Location Decisions The case of U.S. firms. Journal of International Economics,...
  • Wignaraja, G. (2008). Foreign Direct Investment, Innovation, and Exports: Firm-Level Evidence from People’s Republic of China, Thailand, and...
  • World Bank . (2017, January 09). Retrieved from http://databank.worldbank.org/data/reports: http://databank.worldbank.org/data/reports.aspx?source=2&series=BM.GSR.ROYL.CD&country=
  • Xuan , X. (2013). Fusion of Horizons: A New Perspective on Intellectual Property Rights. Social Sciences in China, 34(1), 137-150. doi:10.1080/02529203.2013.760722
  • Ye, F. Y. (2007). A quantitative relationship between per capita GDP and scientometric criteria. Scientometrics, 71(3), 407–413. doi:10.1007/s11192-007-1678-z
  • Ye, F. Y. (2007). A quantitative relationship between per capita GDP and scientometric criteria. Scientometrics, 71(3), 407–413. Retrieved...
  • Zhou, Y. (2008). Synchronizing Export Orientation with Import Substitution: Creating Competitive Indigenous High-Tech Companies in China....