Working Paper Series
Henrik Braconier, Karolina Ekholm
Does FDI Work as a Channel for R&D Spillovers? Evidence Based on Swedish Data
() and Karen Helene Midelfart Knarvik
Abstract: Multinational enterprises (MNEs) are important in
transmitting technology across national borders. Not only do they allow for
transfer of technology within the firm, but it is also believed that they
are important channels for international R&D spillovers as well. This paper
analyzes empirically whether inward and outward foreign direct investment
(FDI) work as channels for international R&D spillovers. We utilize
firm-level as well as industry-level data for Swedish manufacturing in the
analysis. We find no evidence of FDI-related R&D spillovers - neither at
the firm-level nor at the industry-level in Swedish manufacturing. The only
variable that consistently affects total factor productivity is own
investment in R&D.
Keywords: Multinational enterprises; Foreign direct investment; Spillovers; Research and development; (follow links to similar papers)
JEL-Codes: F23; O32; O33; (follow links to similar papers)
27 pages, May 2, 2001
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- This paper is forthcoming as:
Braconier, Henrik, Karolina Ekholm and Karen Helene Midelfart Knarvik, 'Does FDI Work as a Channel for R&D Spillovers? Evidence Based on Swedish Data', Weltwirtschaftliches Archiv.
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