FDI, Technology and Innovation (eBook)
X, 255 Seiten
Springer Singapore (Verlag)
978-981-15-3611-3 (ISBN)
This book concentrates on major changes that are now taking place in the fields of technology, foreign direct investment (FDI), trade and development strategies, with a particular focus on India. Arguably, these changes are likely to differ from those that the world has experienced over the past few decades; in particular, now that many countries have globalised their economies. The book begins by reviewing the changing pattern of FDI flows and technologies among developed and emerging economies, before identifying the determinants of this change by presenting specific studies on Indian industries. It then addresses key questions such as: How are knowledge spillover mechanisms operationalised, and what are the implications of the internationalisation of the IPR process? The role of FDI is also analysed in order to make policy recommendations for fostering innovation in emerging economies like India.
The respective chapters examine the process through which technological paradigm and trajectory shifts are taking place, the factors that facilitate such shifts, the changing pattern of FDI, and the shifting focus of international trade and development strategies - four broad themes that are interrelated and mutually reinforcing. The book offers important takeaways for all social scientists, technologists and business schools interested in Indian studies; it will also benefit researchers whose work involves development economics, industrial organisation and technology, and the economy / society interface.
N. S. Siddharthan is an Hon. Professor at the Madras School of Economics, Chennai, India; and President of the Forum for Global Knowledge Sharing. His current research interests include technology and globalisation, international economics, multinational corporations and industrial organisation. He has published several papers in journals such as The Economic Journal, Oxford Bulletin of Economics and Statistics, The Journal of Development Studies, International Business Review, Indian Economic Review, and Sankhya. He has been invited as a guest editor of special issues for journals such as Science, Technology and Society and Innovation and Development. He has also published books with publishers such as Springer, Routledge, Oxford University Press, Macmillan, Allied, Academic Foundation and New Age International Publishers.
K. Narayanan is a Professor at the Department of Humanities and Social Sciences, Indian Institute of Technology Bombay, Mumbai, India. He received his Ph.D. in Economics from the Delhi School of Economics, University of Delhi, India, and pursued postdoctoral research at the Institute of Advanced Studies, United Nations University, Tokyo, Japan. His research interests span the areas of industrial economics, international business, socio-economic empowerment through ICT, environmental economics, the economic impacts of climate change and development economics. He has a number of publications on industrial competitiveness, technology transfer, ICT, international trade and the socio-economic impacts of climate change in various journals to his credit, including Research Policy, Journal of Regional Studies, Technovation, Oxford Development Studies, International Journal of Energy Economics and Policy and Economic and Political Weekly. His more recent publications include edited books such as 'Globalisation of Indian Industries' (jointly edited with Filip De Beule) and 'Globalisation of Technology' (jointly edited with N.S. Siddharthan), both published by Springer. He also guest-edited a special issue of IASSI Quarterly on the topic of 'Human Capital and Development' and a special issue of Science, Technology and Society on 'Agglomeration, Technology Clusters and Networks'. He is currently Honorary Secretary of the Forum for Global Knowledge Sharing, which brings together scientists, technologists and economists.
This book concentrates on major changes that are now taking place in the fields of technology, foreign direct investment (FDI), trade and development strategies, with a particular focus on India. Arguably, these changes are likely to differ from those that the world has experienced over the past few decades; in particular, now that many countries have globalised their economies. The book begins by reviewing the changing pattern of FDI flows and technologies among developed and emerging economies, before identifying the determinants of this change by presenting specific studies on Indian industries. It then addresses key questions such as: How are knowledge spillover mechanisms operationalised, and what are the implications of the internationalisation of the IPR process? The role of FDI is also analysed in order to make policy recommendations for fostering innovation in emerging economies like India. The respective chapters examine the process through which technological paradigm and trajectory shifts are taking place, the factors that facilitate such shifts, the changing pattern of FDI, and the shifting focus of international trade and development strategies - four broad themes that are interrelated and mutually reinforcing. The book offers important takeaways for all social scientists, technologists and business schools interested in Indian studies; it will also benefit researchers whose work involves development economics, industrial organisation and technology, and the economy / society interface.
Preface 5
Contents 6
About the Editors 8
Introduction to the Volume 10
1 Background 10
2 Changing Nature of FDI 11
3 FDI, Productivity and Knowledge Spillovers 14
4 Market Structure and Innovative Activities 15
5 FDI—Push and Pull Factors 16
6 Impact of FDI on Labour, Welfare and Environment 16
7 Guided Tour of Chapters 17
References 19
Country Origin of Foreign Direct Investment in Indian Manufacturing and Its Impact on Productivity of Domestic Firms 21
1 Introduction 21
2 Data Sources, Estimation of TFP and Construction of Variables 26
2.1 Data Sources 26
2.2 Estimation of TFP 27
2.3 Construction of Foreign Ownership Variables 29
2.4 Construction of and Summary Statistics on Control Variables 31
3 Do FDI Firms Have Higher Productivity? 32
4 Does Foreign Acquisition of Domestic Firms Raise Their Productivity? 38
5 FDI Spillover Effects on Domestic Firms 44
5.1 Spillover Variables and Model Specification 44
5.2 Empirical Results 47
6 Conclusion 56
Annexure 57
References 59
Knowledge Spillover Mechanisms 64
1 Introduction 64
2 Types of Knowledge Spillover Pathways 65
3 The Role of Foreign Direct Investment 66
4 The Measurement of Spillovers 67
5 Knowledge Gap and Absorptive Capacity 69
6 The Observation–Imitation–Interaction Pathway 70
7 The Labor Mobility Pathway 73
8 The Double Effect of Competitive Pressure: Positive and Negative Spillovers 75
9 The Value Chain Upgrading Pathway 79
10 Conclusions 80
References 81
Implications of International Harmonization of IPR on Growth and Competitiveness Among the Developing Nations 82
1 Introduction 82
1.1 Conceptual Framework 84
2 Review of Literature 87
2.1 Discussion on Why Developing Countries Need to Enhance Their IPR Strength 87
2.2 Factors Affecting Innovation and Competitiveness 89
3 The Model, Econometric Issues and the Data 90
3.1 Econometric Specification 92
4 Empirical Results 92
4.1 Description of the Data 92
4.2 Regression Analysis 92
5 Discussion, Policy Implications and Conclusion 96
Appendix 97
References 99
Patent Policy and Relationship Between Innovation and Monopoly Power: Evidence from Indian High and Medium Technology Industries 102
1 Introduction 102
2 Patent Policy Change in India 103
3 Literature Review 104
4 Description of Variables 106
4.1 Endogenous Variables 106
4.2 Control Variables 107
5 Data 108
6 Results of the Model Estimation 112
6.1 Innovation Equation 113
6.2 Monopoly Power Equation 117
7 Conclusion 119
References 120
Interplay of Technology and Labour Productivity: Emerging Story of Consumer Electronics in India 124
1 Introduction 124
2 Technology as a Capability 125
3 Consumer Electronics Sector in India 127
4 Foreign Conglomerates Forays into Indian Consumer Electronics 131
5 Emerging R& D Destination in India
6 Production Chain of the Indian Consumer Electronics Industry 133
7 Understanding the Domestic Production System of Consumer Electronics in India 134
8 Productivity, Technology and Relative Factor Prices: A Structural Model 141
9 Conclusion 144
Appendix 1 145
Appendix 2 149
References 149
Firm-Specific Determinants of R& D Behaviour of Foreign Affiliates in India
1 Introduction 151
2 Literature Review on Factors Determining R& D Activities
2.1 Size of the Firm 153
2.2 Age of the Firm 153
2.3 Capital Intensity 154
2.4 Labour Intensity 154
2.5 Selling and Distribution 155
2.6 Outsourcing 155
2.7 Import of Technology 155
3 Sample and Methodology 156
3.1 Econometric Specifications 156
4 Patterns in in-House R& D Investments by Foreign Affiliates in the Present Study
5 Analysis and Results 161
5.1 Results of Random Effects Tobit Econometric Models 163
5.2 Results of Heckman Two-Step Econometric Models 166
6 Conclusion and Implications 171
References 172
Push Factors of Outward FDI—A Cross-Country Analysis of Developed and Developing Countries 174
1 Introduction 174
2 Survey of Literature 175
3 Push Factors of OFDI 177
3.1 Home Country—Market Conditions 177
3.2 Policy Variables 178
3.3 Economic Variables 178
3.4 Production Factors 179
3.5 Governance, Corruption and Outward FDI 179
3.6 Ease of Doing Business 180
4 Methodology 182
4.1 Empirical Model Specification and Data Description 182
4.2 The Basic Panel Regression Model 182
4.3 Quantile Regression 186
5 Empirical Findings and Discussion 187
5.1 Examining Push Factors in a Univariate Setup 187
5.2 Examining Push Factors in a Multivariate Setup 198
5.3 Governance, Control of Corruption and Ease of Doing Business 199
5.4 Ease of Doing Business 200
6 Summary and Conclusions 200
Appendix 203
References 206
Foreign Direct Investments and Environmental Policies: A Meta-Analysis 209
1 Introduction 209
2 Estimation Strategies and Selection of Variables 213
3 Results and Discussion 215
4 Conclusion 221
Appendix: Select Studies for Meta Analysis 222
References 224
FDI, Labor Market and Welfare: How Inequality Navigates Welfare Loss? 226
1 Introduction 226
2 Methodological Framework 229
2.1 The Model 229
2.2 Empirical Strategy 231
3 Data Sources and Variable Description 231
4 FDI, Labor Market and Inequality: A Preliminary Analysis 233
5 Empirical Results and Discussion 236
5.1 Global Perspective 236
5.2 A Case of Asian Economies 241
6 Conclusion 242
Appendix 244
References 245
Aggregate Fluctuations and Technological Shocks: The Indian Case 247
1 Introduction 247
2 Technological Shocks as a Source of Business Cycles 248
3 Data and Methods 250
4 Results and Discussions 252
5 Conclusion 256
References 256
Erscheint lt. Verlag | 13.3.2020 |
---|---|
Zusatzinfo | X, 255 p. 31 illus., 21 illus. in color. |
Sprache | englisch |
Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management | |
Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie | |
Schlagworte | Foreign Direct Investments (FDI) • industrial R & D • Innovation • International business • Multinational Enterprise (MNE) • Multinationals • Technological Change |
ISBN-10 | 981-15-3611-2 / 9811536112 |
ISBN-13 | 978-981-15-3611-3 / 9789811536113 |
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