FDI, Technology Spillovers and Export Performance of Emerging and Developing Economies
Foreign direct investments could be a privileged instrument for the mitigation of the technological gap, the dynamization of technological and industrial catch- up and the consolidation of the technological and scientific content of national industrial production, in addition to the modernization of productive apparatus, the expansion of industrial exports, and the celerity of their technological rise in the economies in a position of industrial takeoff. The internationalization of production favored by the rise of global value chains, as part of the process of international segmentation of production processes, has undeniably propelled the emergence of new industrial specializations and the restructuring of organizational models of production, namely in emerging countries as well as in developing countries, based on a heap of factors of attractiveness and exploitation of factorial and productive advantages, both comparative and competitive. The objective of this paper is to highlight the factors that motivate the choices and scenarios for the redeployment of production sites at the international scale, while measuring the impact of inward FDI on the scope of the export performance of host economies, by exploring the resulting effects on the level of industrial competitiveness, creative, research and development activities and inventive capabilities, total factor productivity, externalities and the absorptive capacity of technology transfer in the local productive system, through the ordinary least squares methodology over an analytical span of nearly three decades and a panel of 10 emerging and developing economies.
Copyright (c) 2021 Jihad Nouri, Youssef Moflih, Begoña Torre Olmo
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