International Co-invention in Central and Eastern Europe: the Role of Foreign Direct Investment
نویسنده
چکیده
International Co-Invention – characterized by patent applications where at least one of the co-inventor is foreign – has boomed in Central and Eastern Europe (CEE) since 1990. A significant number of these patents arise out of various forms of R&D collaboration with multinationals. We explain this phenomenon, building on the concept of “idea gap” elaborated by Romer (1993): western multinationals worked as conduits by hiring regional inventors at relatively low wages to match knowledge and skills from the East with the complementary intellectual and financial assets in the West. In this paper, we show that in CEE internationally co-invented patents receive a higher number of citations than those indigenously created and thus are of better quality. We also build an econometric model to test whether foreign investments might cause, or at least be strongly correlated with, the boom in international co-invention. Our results show that there is a positive and very statistically significant correlation between internationally coinvented patents and FDIs in CEE.
منابع مشابه
Foreign direct investment in the financial sector - experiences in Asia, central and eastern Europe and Latin America - June 2005
No 25 Foreign direct investment in the financial sector-experiences in Asia, central and eastern Europe and Latin America Summary of follow-up workshops to the CGFS report, " Foreign direct investment in the financial sector of emerging economies " June 2005 Copies of publications are available from:
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تاریخ انتشار 2013