scholarly journals Does China’s OFDI Successfully Promote Environmental Technology Innovation?

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Bing Han
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Intellectual Property ◽  
Direct Investment ◽  
Technology Innovation ◽  
Threshold Effect ◽  
Intellectual Property Protection ◽  
Reference Points ◽  
Outward Foreign Direct Investment ◽  
Environmental Technology

Environmental technology innovation is a crucial measure of the quality of China’s economic development and sustainable environmental protection. Based on the 2009–2017 provincial panel data from China, this article used the modified projection pursuit model to measure the environmental technology innovation capabilities of various regions. Moreover, this article empirically investigates the threshold effect of outward foreign direct investment on China’s environmental technology innovation under different intellectual property protection levels. The results are as follows. First, the environmental technology innovation capabilities of China’s regions vary significantly, showing an “east-middle-west” gradient decline trend similar to levels of economic development. Second, outward foreign direct investment has a significant reverse environmental technology innovation effect, but this effect has complex nonlinear characteristics. Third, in the process of outward foreign direct investment affecting environmental technology innovation, intellectual property protection has a significant double threshold effect. As the level of intellectual property protection continues to cross the threshold value, the effect direction of outward foreign direct investment on environmental technology innovation undergoes a sudden change from inhibition to promotion. However, when intellectual property protection is too high, the promotion effect is relatively limited. This paper provides some reference points and insights that should aid in establishing a scientific intellectual property protection system and raising the level of environmental technology innovation.

scholarly journals Intellectual Property and Foreign Direct Investment

2019 ◽  
Vol 14 (2) ◽  
pp. 26-32
Author(s):  
Nur Hayati Abd Rahman ◽  
Khairunnisa Abd Samad ◽  
Shahreena Daud ◽  
Zarinah Abu Yazid
Keyword(s):  
Foreign Direct Investment ◽  
Intellectual Property ◽  
Direct Investment ◽  
Random Effect ◽  
Digital Economy ◽  
Intellectual Property Protection ◽  
Annual Data ◽  
New Business ◽  
Asean Countries ◽  
High Level

With help from both domestic and international markets, ASEAN countries are able to catch-up withthe latest economic development if they can sustain high economic growth for a long-period of time. To doso, the resources available in countries such as capital and labors should fully be utilized up to theoptimum level. The capital itself can be in many forms such as investment. Since most of the ASEANcountries are categorized as developing countries, the reliance on foreign direct investment (FDI) as asource of growth is highly needed as it helps the economy to step on a higher stage of economic developmentvia the roles of foreign experts and technological transfer. In ensuring a higher level of investment, there isa need to ensure a high level of intellectual property protection since it assists in promoting invention,innovation and new business development. In opposite, lacking in protection might discourage foreigninvestors to invest in the countries, thus limiting the ability of the countries to grow further. Therefore, theaim of this paper is to examine whether strong intellectual property protection will really help in attractingmore foreign investors to invest in ASEAN-5 countries. Using annual data from 2007 to 2016, panel dataestimation using random effect is employed. It was found that the ASEAN-5 countries should strengthentheir intellectual property protection in order to stimulate higher foreign investments. Nevertheless, inbetween copyright and patents, copyrights protection gives significant effect to the FDI inflows relative tothe latter one. It indicates that the countries are slowly moving out from the production-based economy andcatching-up towards a digital economy. Keywords: ASEAN-5, foreign direct investment, intellectual property protection, digital economy, copyrights

scholarly journals How does Outward Foreign Direct Investment Affect Enterprise Green Technology Innovation? — Based on the Moderating effect of Resources

2021 ◽  
Author(s):  
Haoqiang Wu ◽  
Sumin HU
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Technology Innovation ◽  
Transition Process ◽  
Green Technology ◽  
Moderating Effect ◽  
Outward Foreign Direct Investment ◽  
Regulatory Effect ◽  
Absorbed Slack ◽  
Unabsorbed Slack

Abstract with the increasing strict environmental regulations in the green transition process, outward foreign direct investment is considered to be an effective approach to promote enterprises’ green technology innovation. Thus, this paper establishes a comprehensive research framework that integrates OFDI and green technology innovation from the micro level of the enterprise to analyze it. The findings show that: First, OFDI will positively affect corporate green-tech innovation as expected; Government subsidies have a U-shaped regulation on the relation between OFDI and green-tech innovation; Absorbed slack plays an inverted U-shaped moderating effect on the relation between OFDI and green-tech innovation, and the unabsorbed slack positively affect this process. As for the heterogeneity of property rights, the test results of non-state-owned enterprises and state-owned enterprises are basically consistent with the baseline results, except for the following two points: the unabsorbed slack of state-owned enterprises has no regulatory effect between OFDI and enterprise green technology innovation, and the absorbed slack of non-state-owned enterprises has no regulatory effect between OFDI and enterprise green technology innovation.

Global Outward Foreign Direct Investment and Economic Development: Panel Regression Approach

2015 ◽  
Vol 5 (4) ◽  
Author(s):  
K. V. Bhanumurthy ◽  
Manoj Kumar Sinha
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Principal Component ◽  
Developed Countries ◽  
Annual Growth Rate ◽  
Panel Regression ◽  
Outward Foreign Direct Investment ◽  
Regression Approach

Outward Foreign Direct Investment (OFDI) is in the nature of international relocation of production. OFDI acts as a complementary input in the host country and hence aims at rational allocation of global resources. The pattern of economic development on a multilateral scale would, thus, determine the pattern of OFDI. We consider the effect of economic development on OFDI originated from developing countries, with the help of a set of socio-economic variables. With the help of Principal Component Analysis we construct a set of six composite indices, namely, human resource, infrastructure, labour, market, trade openness and resource, as determinants of OFDI. We use a panel regression approach both in terms of OFDI stock and flow. The period of study is 1990-2009. Empirical results indicate that developing countries outflow has not been growing significantly. The annual growth rate of global FDI outflows is 3.2 percent. FDI outflow is mainly from developed countries. Resource is most important determinant because it has elasticity greater than one. Resource and market variables indicate that in long run FDI focused on resource seeking and market-seeking.

scholarly journals Trends and Determinants of Korean Outward FDI

2009 ◽  
Vol 27 (1) ◽  
pp. 126-154 ◽  
Author(s):  
Jungmin Kim ◽  
Dong Kee Rhee
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Multinational Firms ◽  
Multinational Firm ◽  
Location Decisions ◽  
Outward Foreign Direct Investment ◽  
Outward Fdi ◽  
Host Countries ◽  
Distinctive Features

This paper examines the trends and determinants of Korean outward foreign direct investment and the extent to which location decision explanation needs to be nested within the general theory of the multinational firm. In the context of investment development path developed by Dunning and Narula, we examine the important factors for the location decisions of Korean outward foreign direct investment, considering host countries at very different stages of economic development. In line with this objective, we test empirically the determinants of Korean outward investment using macro economic factors of host countries. Thus, we identify several factors that impact on such trends and develop hypotheses that could explain the phenomenon generically. We test our hypotheses using official Korean outward FDI data collected from 1994 to 2005. The behavior of Korean multinational firms shows several distinctive features. As a result, we find that the dynamic effects of economic development have influenced on the changes of outward FDI characteristics.

scholarly journals The Threshold Effect of FDI on Regional Innovation Capability— From the Perspective of Intellectual Property Protection

2021 ◽  
Vol 275 ◽  
pp. 03023
Author(s):  
Wencong Li
Keyword(s):  
Intellectual Property ◽  
Direct Investment ◽  
Threshold Value ◽  
Threshold Effect ◽  
Intellectual Property Protection ◽  
Innovation Capability ◽  
Regional Innovation ◽  
Threshold Regression Model ◽  
The Impact ◽  
The Relationship

As one of the important channels of technology spillover, foreign direct investment (FDI) has a significant impact on regional innovation capability, which is restricted by the intensity of intellectual property protection. In order to explore the relationship between these three factors, this paper constructs a nonlinear threshold regression model based on China’s provincial panel data from 2009 to 2018, and empirically analyzes the threshold effect of FDI on regional innovation capability with the intensity of intellectual property protection as the threshold variable. The results show that the impact of FDI on regional innovation capability has a significant single threshold effect of intellectual property protection intensity. Only when the intensity of intellectual property protection remains near the threshold value, can FDI promote regional innovation capability to the greatest extent.

scholarly journals Is Achieved Economic Development Environment Friendly? A New Insight From Central and Eastern Europe

2021 ◽  
Author(s):  
Qianxiao Zhang ◽  
Syed Ale Raza Shah ◽  
Syed Asif Ali Naqvi
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Energy Consumption ◽  
Direct Investment ◽  
Ecological Footprint ◽  
Trade Openness ◽  
Outward Foreign Direct Investment ◽  
Renewable Energy Consumption ◽  
Resource Rents ◽  
Natural Resource Rents

Abstract Over the last few years, the linkage between economic development and environmental degradation has become a provocative question. Although this nexus has been studied vastly, some of the critical variables of economic development and their impacts on the environment need more focus. The present study explores the association between economic development, outward foreign direct investment, financial development, renewable energy consumption, natural resource rents, trade openness, and ecological footprint in Central and Eastern European economies. The panel data estimators such as augmented mean group and common correlated effect mean group are employed from 1990 to 2017. Empirical findings document that outward foreign direct investment, financial development, trade openness, natural resource rents, and renewable energy consumption increase economic development, implying that they positively affect economic development. Findings validate the inverted U-shaped EKC for concerned economies in case of the ecological footprint. The results show that the interaction term of GDPC with NR, outward foreign direct investment, and RE are eco-friendly indicators. The study results develop imperative policy implications for the selected region to attain sustainable development goals.

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