Effects of Science, Technology, and Innovation Official Development Assistance on Foreign Direct Investment in Developing Countries

Jeunghan Lee and Keuntae Cho ()
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Jeunghan Lee: Graduate School of Management of Technology, Sungkyunkwan University, Seoburo 2066, Suwon 16419, Republic of Korea
Keuntae Cho: Department of Systems Management Engineering, Sungkyunkwan University, Seoburo 2066, Suwon 16419, Republic of Korea

Sustainability, 2023, vol. 15, issue 16, 1-13

Abstract: This study investigated the effects of Science, Technology, and Innovation Official Development Assistance (STI ODA) on Foreign Direct Investment (FDI) in developing countries. The study sought to empirically analyze whether STI ODA has contributed to attracting FDI in recipient countries and whether specific sub-variables, such as absorptive capacity, human capital, infrastructure, and scientific and technical journal articles have a moderating effect. The analysis method was a panel analysis model that combined cross-sectional and time-series data as fixed-effect and random-effect models to reflect individual effects in the empirical analysis. This study highlights the importance of STI ODA in achieving sustainable development goals and fostering economic growth.

Keywords: science; technology and innovation (STI); official development assistance (ODA); foreign direct investment (FDI); absorptive capacity; developing countries (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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