Some Twins Are Not Alike: FDI Premia in the Former Soviet States

Valeria Gattai, Rajssa, Mechelli and Piergiovanna, Natale

No 340, Working Papers from University of Milano-Bicocca, Department of Economics

Abstract: groups of former Soviet states, designated CIS, Developed and Developing. Using Orbis data, we provide within-group and between-group results on the effects of outward FDI (OFDI) and inward FDI (IFDI) on firm-level innovation. As the most notable finding, OFDI firms innovate more than IFDI firms, which in turn innovate more than non-FDI firms. The innovation effect of OFDI is the largest for firms from the Developing economies, followed by the Developed and CIS countries. The innovation effect of IFDI is the largest for firms from the Developing economies, followed by the CIS and Developed countries. FDI to and from Europe have the largest impact on innovation; this holds across country groups.

Keywords: FDI; Premia; Patents; Former Soviet States; Russia; CIS (search for similar items in EconPapers)
JEL-codes: F23 L25 O57 (search for similar items in EconPapers)
Pages: 42
Date: 2016-06-10, Revised 2016-06-10
New Economics Papers: this item is included in nep-bec, nep-cis, nep-cwa, nep-ino, nep-int and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:mib:wpaper:340

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