Influence of a knowledge-based economy on foreign direct investment in regional comprehensive economic partnership economies

Nathapornpan Piyaareekul Uttama

International Journal of Technological Learning, Innovation and Development, 2024, vol. 15, issue 3, 243-269

Abstract: This study examines the influence of a knowledge-based economy on foreign direct investment (FDI) among countries in the regional comprehensive economic partnership (RCEP). The knowledge-based economy is the focus of this study, with particular attention paid to digital technology, innovation, and advanced industrial capacities. Panel data from ten RCEP member states from 2008 to 2019 and the Lasso-Poisson pseudo-maximum likelihood method are used in the estimation. The results show that technological skills, similarities in technological skills, R&D, high-tech and innovative industrial activities, and access to finance between the recipient and investing countries in the RCEP positively influence FDI flows. Additionally, the economic complexity disparity across RCEP countries positively influences their FDI activities. Based on these findings, RCEP nations should accelerate their efforts to advance digital technology and innovation, increase the economic complexity of production, and promote knowledge-based economic integration.

Keywords: knowledge-based economy; digital technology and innovation; economic complexity; foreign direct investment; FDI; regional comprehensive economic partnership; RCEP. (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=137482 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijtlid:v:15:y:2024:i:3:p:243-269

Access Statistics for this article

More articles in International Journal of Technological Learning, Innovation and Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().