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Does FDI foster technological innovations? Empirical evidence from BRICS economies

Ali, Najabat ; Phoungthong, Khamphe ; Khan, Anwar ; Abbas, Shah ; Dilanchiev, Azer ; Tariq, Shahbaz ; Sadiq, Muhammad Nauman Ul-Haq, Jabbar

PloS one, 2023-03, Vol.18 (3), p.e0282498-e0282498 [Periódico revisado por pares]

United States: Public Library of Science

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Título:
Does FDI foster technological innovations? Empirical evidence from BRICS economies
Autor: Ali, Najabat ; Phoungthong, Khamphe ; Khan, Anwar ; Abbas, Shah ; Dilanchiev, Azer ; Tariq, Shahbaz ; Sadiq, Muhammad Nauman
Ul-Haq, Jabbar
Assuntos: Carbon Dioxide ; Cross-Sectional Studies ; Earth Sciences ; Economic aspects ; Economic Development ; Economic growth ; Electroconvulsive therapy ; Empirical analysis ; Error correction ; Evaluation ; Foreign investments ; Impact analysis ; Innovations ; International business enterprises ; International trade ; Inventions ; Investments ; People and places ; Physical Sciences ; Product development ; Productivity ; R&D ; Research & development ; Research and Analysis Methods ; Social Sciences ; Technological change ; Technology application
É parte de: PloS one, 2023-03, Vol.18 (3), p.e0282498-e0282498
Notas: ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
Competing Interests: The authors declare that they have no financial and non-financial competing interests.
Descrição: The idea behind the spillover effect of FDI on economic growth is based on the idea that multinational companies can bring technological innovation and rich knowledge to host countries. Therefore, FDI plays a vital role in technological innovations. This study aims to investigate the impact of foreign direct investment (FDI) on the technological innovation of BRICS countries from 2000 to 2020. This study uses the latest econometric techniques, such as the cross-sectional dependence (CD) test, second-generation unit root tests, panel cointegration tests and the Dumitrescu-Hurlin causality test. For long-run run estimation, this study uses the augmented mean group (AMG) panel estimator and the common correlated effects mean group (CCEMG) estimator for empirical analysis. The findings of the study show that foreign direct investment (FDI), trade openness, economic growth, and research & development expenditure positively impact technological innovation in BRICS countries. Also, the model's long-term causality and lagged error correction term (ECT) are significantly negative. Suggested policy measures will be helpful for BRICS economies in boosting technology innovation through FDI.
Editor: United States: Public Library of Science
Idioma: Inglês

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Does FDI foster technological innovations? Empirical evidence from BRICS economies

Ali, Najabat ; Phoungthong, Khamphe ; Khan, Anwar ; Abbas, Shah ; Dilanchiev, Azer ; Tariq, Shahbaz ; Sadiq, Muhammad Nauman Ul-Haq, Jabbar

United States: Public Library of Science

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