Globalization and innovation in emerging markets

0322379 - NHÚ 2009 US eng J - Článek v odborném periodiku
Gorodnichenko, Y. - Švejnar, Jan - Terrell, K.
Globalization and innovation in emerging markets.
NBER working paper series. -, č. 14481 (2008), s. 1-48. ISSN N
Výzkumný záměr: CEZ:AV0Z70850503
Klíčová slova: globalization * innovation * emerging markets
Kód oboru RIV: AH - Ekonomie
http://www.nber.org/papers/w14481.pdf

Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their competitive position. Using data on firms in 27 transition economies, we test for the effects of globalization through the impact of increased competition and foreign direct investment on domestic firms' efforts to innovate (raise their capability) by upgrading their technology, improving the quality of their product or service, or acquiring certification. We find that competition has a negative effect on innovation, especially for firms further from the efficiency frontier, and we do not find support for an inverted U effect of competition on innovation. We show that the supply chain of multinational enterprises and international trade are important channels for domestic firms' innovation. We detect no evidence that firms in a more pro-business environment are more likely to display a positive or inverted U relationship between competition and innovation, or that they are more sensitive to foreign presence.
Trvalý link: http://hdl.handle.net/11104/0170659