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Globalization and innovation in emerging markets
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SYSNO ASEP 0322253 Document Type J - Journal Article R&D Document Type The record was not marked in the RIV Subsidiary J Ostatní články Title Globalization and innovation in emerging markets Author(s) Gorodnichenko, Y. (US)
Švejnar, Jan (NHU-N) RID
Terrell, K. (US)Source Title IPC Working Paper Series - ISSN N
-, č. 76 (2008), s. 1-39Number of pages 39 s. Publication form www - www Language eng - English Country US - United States Keywords globalization ; innovation ; emerging markets Subject RIV AH - Economics CEZ AV0Z70850503 - NHU-N (2005-2011) Annotation Globalization bring opportunities and pressures for domestic firms in emerging market economies to innovate and improve their competitive position. Using recent 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 raise their capability (innovate) by upgrading their technology or their product/service (improving quality or developing a new one), taking into account firm heterogeneity. We find support for the prediction that competition has a negative effect on innovation, especially for firms further from the frontier, and that the supply chain of multinational enterprises and international trade are important channels for domestic firm innovation. We do not find support for the inverted U effect of competition on innovation. There is partial support for the hypothesis that firms in a more pro-business environment invest more in innovation and are more likely to display the inverted U relationship between competition and innovation. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2009
Number of the records: 1