Scandinavian Working Papers in Economics

Papers in Innovation Studies,
Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy

No 2013/17: Technology-Driven FDI: A Survey of the Literature

Alessia Amighini (), Claudio Cozza (), Elisa Giuliani (), Roberta Rabellotti () and Vittoria Scalera ()
Additional contact information
Alessia Amighini: Università del Piemonte Orientale
Claudio Cozza: Università del Piemonte Orientale
Elisa Giuliani: Università di Pisa, Italy
Roberta Rabellotti: Università di Pavia
Vittoria Scalera: Politecnico di Milano

Abstract: In the past century we have witnessed worldwide a growing flow of Foreign Direct Investment (FDI), which have attracted the attention of economists, international business and development scholars. In this scenario, two trends have recently gained momentum: the increasing relevance of Technology-driven FDI (TFDI) and the upsurge of Emerging Economies’ Multinational Enterprises (EMNEs) investing in advanced countries. In this paper, we present a survey of the relevant literature on TFDI, with a focus on both AMNEs and EMNEs. After presenting the different phases of TFDI from Advanced Economy Multinational Enterprises (AMNEs), we focus on EMNEs and discuss the usefulness and limitations of the existing theoretical frameworks to interpret this new phenomenon. Next, the paper reviews the literature on EMNEs’ sources of competitive advantages and their main motivations for investing abroad. Finally, the paper explores the peculiarities of TFDI from emerging economies.

Keywords: Foreign Direct Investments; Technology Driven Foreign Investments; Emerging Countries

JEL-codes: F23; O32

65 pages, September 17, 2013

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201317_Amighini_et_Al.pdf PDF-file 

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