Uzagalieva, Ainura and Kocenda, Evzen and Menezes, Antonio (2012) Technological Innovation in New EU Markets. EMERGING MARKETS FINANCE AND TRADE, 48 (5). pp. 48-65. ISSN 1540-496X, 1558-0938
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We analyze the role of innovation in the technological development of four new members of the European Union: the Czech Republic, Hungary, Poland, and Slovakia. For that purpose, we use a novel approach, modeling the empirical relationship between intraindustrial bilateral trade flows, which represent the level of technological progress, and innovation expenditures within the context of a gravity model having a set of appropriate instrumental variables to account for the potential endogeneity of innovation to trade. We show that innovation efforts in high-tech industries exhibit a strong effect on the technological progress of the region and they are closely linked to foreign direct investment and multinationals. As foreign-owned subsidiaries become a part of the innovation systems and industrial structure of the host country, they promote overall technological growth in the region.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | RESEARCH-AND-DEVELOPMENT; TRADE; COUNTRIES; GROWTH; SCALE; COMPETITIVENESS; FIRMS; MODEL; European Union; foreign direct investment; imitation; innovation; international trade |
| Subjects: | 900 History & geography > 940 General history of Europe |
| Divisions: | Institute for East and Southeast European Studies (IESES) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 06 May 2020 10:05 |
| Last Modified: | 06 May 2020 10:05 |
| URI: | https://pred.uni-regensburg.de/id/eprint/18134 |
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