In this study, the panel co-integration test combined with structural breaks
was used to explore the long-term co-movement between FDI and patent and
trademark applications? in accordance with 33 OECD countries from 1999 to
2018. The robust results demonstrate that both innovation variables
including patent and trademark comove with FDI in the OECD sample.
Furthermore, this long-term co-movement of FDI and innovation experiences
some structural breaks during the period 2003-2010. Finally, there is a
long-term co-movement between FDI inflows and innovation activity in OECD
countries.
Does innovation co-move with FDI? Evidence from OECD countries
