Přímé zahraniční investice a technologická změna
Foreign direct investment and technology change
Martin Srholec
Politická ekonomie, 2003, vol. 2003, issue 5, 695-713
Abstract:
Paper focuses on foreign direct investment (FDI) in manufacturing in the Czech Republic, Hungary, Poland and Slovakia (CECs), where FDI penetration jumped to remarkable high levels in recent years. Foreign investment enterprises are more profitable, export oriented and technologically superior compared to domestic companies. FDI is perceived as a main channel of technology transfer and potential source of spillovers in host economy, though, estimates of technology transfer show mixed picture in the CECs. FDI spurs restructuring and productivity growth in foreign investment enterprises but FDI rather crowds-out domestic companies as spillovers are confirmed only to domestic companies with sufficient technological absorptive capacity. Paper concludes with some policy implications regarding FDI promotion and innovation policy.
Keywords: foreign direct investment; transition economies; technology gap; manufacturing industry; technology transfer (search for similar items in EconPapers)
JEL-codes: E61 F02 F23 L60 O33 (search for similar items in EconPapers)
Date: 2003
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DOI: 10.18267/j.polek.421
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