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The effects of foreign direct investment on R&D and innovation in Hungary

Peter Farkas ()
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Peter Farkas: Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences

No 108, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies- Hungarian Academy of Sciences

Abstract: In his follow-up study to an earlier one written in 1997, the author draws on analysing and interpreting professional literature of the last four years to tackle a number of questions. These are as follows: Has the process of shrinkage in R&D and innovation capacity stopped yet? The accessible statistics lead to the conclusion that the real value of the corporate R&D by firms has stabilized, at a rather low level of about a third of its value ten years ago. What role do wholly foreign-owned and joint ventures play in this? Has technical development strengthened at foreign owned firms? How should the widening relations of multinationals and Hungarian research institutions be interpreted?Is the contribution made to technological renewal by supply and subcontracting activity increasing? What will be the result of having some new supplier and component-producer foreign investments in Hungary? Is the technological duality of the Hungarian economy becoming stronger? How well founded is the view that the indirect, multiplier effect of foreign capital is greater than its direct impact?

Keywords: Hungary; FDI; R&D; joint ventures; firms; multinationals; foreign capital; innovation (search for similar items in EconPapers)
Date: 2000-05
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