Presented at the GLOBELICS 2006 conference in India during 4-7 October 2006. Session II-6 FDI: Sp... more Presented at the GLOBELICS 2006 conference in India during 4-7 October 2006. Session II-6 FDI: Spillovers and Competitiveness
International Journal of Technology Management & Sustainable Development, 2013
ABSTRACT Recent evidence coming from the spillover literature convincingly shows that only innova... more ABSTRACT Recent evidence coming from the spillover literature convincingly shows that only innovative subsidiaries generate positive effects in host emerging economies. However, we know little about what encourages multinational subsidiaries to become innovative in these types of contexts. In this article, we shed light on this question by exploring how different degrees of subsidiaries’ integration into the host economy and their corporation, and changes over time regarding these two types of integration, are associated with the intensity of innovative activity of subsidiaries in Brazil. Our findings indicate that local integration by itself is not associated with high innovative intensity. Indeed, only subsidiaries that are simultaneously integrated into their global corporation as well as into the host economy are highly innovative. Furthermore, when dynamic effects are added to the analysis, we find that substantial improvements in subsidiaries’ innovative behaviour occur in subsidiaries which have moved over time towards higher levels of local and corporate integration.
International Journal of Business Environment, 2010
ABSTRACT This paper analyses the Brazilian trajectory of foreign investments, exploring the links... more ABSTRACT This paper analyses the Brazilian trajectory of foreign investments, exploring the links by which economic structure has shaped the competitive advantages of Brazilian firms investing abroad. We apply the investment development path (IDP) framework proposed by Dunning, which provides the tools to explain a micro phenomenon with macroeconomic evidence. From this departing point, the paper aims to shed light on some aspects of the country's structure and recent events that had impact on the economic sphere, in order to further explain the position that Brazil holds in its IDP graph.
This paper investigates FDI-related spillovers in Brazil for the period 1996-2005. In contrast to... more This paper investigates FDI-related spillovers in Brazil for the period 1996-2005. In contrast to most previous recent studies, which have failed to identify any significant effects in emerging economies, we found that horizontal spillovers did arise in Brazil. However, they did not ...
This paper addresses the interplay between foreign direct investment (FDI) and the industrial and... more This paper addresses the interplay between foreign direct investment (FDI) and the industrial and innovation policies of host economies. Drawing on insights from both business and policy literature, the paper argues that the prevailing macroeconomic perspective related to the attraction of FDI inflows and disregard for existing foreign subsidiaries are misleading. The rationale for this claim is the very fact that foreign subsidiaries are part of the innovation and the industrial systems of their host countries. Hence, their economic and innovative performances impact the overall dynamics and competitiveness of their host countries.
The Clean Development Mechanism (CDM) is one of the three greenhouse gas emission reduction and t... more The Clean Development Mechanism (CDM) is one of the three greenhouse gas emission reduction and trading instruments of the Kyoto Protocol (KP). The CDM allows governments and business entities from developed countries to offset their emissions liabilities by reducing or avoiding emissions in developing countries, where it is often cheaper to do so. Our results reveal that the majority of the CDM projects utilise local sources of technology. We attempt to explain technology sourcing patterns in CDM projects through the use of knowledge based determinants. Our empirical analysis indicates that in countries with a stronger knowledge base in climate friendly technologies, CDM project implementers tend to use local, as well as a combination of local and foreign technologies, more than foreign technologies.
This study focuses on ‘multilatinas’, a group of emerging multinationals headquartered in Latin A... more This study focuses on ‘multilatinas’, a group of emerging multinationals headquartered in Latin American countries, and analyses the flows of knowledge between multilatinas’ European subsidiaries and their headquarters. The research tracts both the occurrence of conventional flows of knowledge from headquarters to their European subsidiaries, as well those flows going in the reverse direction. The paper’s main findings can be summarised as follows. First, multilatinas presence in Europe is the result of the combination of market and strategic-asset seeking drivers; with Europe being both an important market for multilatinas, as well as a key location for their R&D activities. Second, multilatinas’ European subsidiaries exchange knowledge with their headquarters in Latin America, implying the concurrency of both conventional and reverse knowledge flows. Third, multilatinas are not only tapping into European knowledge base (strategic-asset seeking), they are also bringing knowledge into their European operations, suggesting the occurrence of spillovers into the host environments. Forth, intra-firm trade is a key mechanism for knowledge transfers, particularly from Europe to Latin America.
Presented at the GLOBELICS 2006 conference in India during 4-7 October 2006. Session II-6 FDI: Sp... more Presented at the GLOBELICS 2006 conference in India during 4-7 October 2006. Session II-6 FDI: Spillovers and Competitiveness
International Journal of Technology Management & Sustainable Development, 2013
ABSTRACT Recent evidence coming from the spillover literature convincingly shows that only innova... more ABSTRACT Recent evidence coming from the spillover literature convincingly shows that only innovative subsidiaries generate positive effects in host emerging economies. However, we know little about what encourages multinational subsidiaries to become innovative in these types of contexts. In this article, we shed light on this question by exploring how different degrees of subsidiaries’ integration into the host economy and their corporation, and changes over time regarding these two types of integration, are associated with the intensity of innovative activity of subsidiaries in Brazil. Our findings indicate that local integration by itself is not associated with high innovative intensity. Indeed, only subsidiaries that are simultaneously integrated into their global corporation as well as into the host economy are highly innovative. Furthermore, when dynamic effects are added to the analysis, we find that substantial improvements in subsidiaries’ innovative behaviour occur in subsidiaries which have moved over time towards higher levels of local and corporate integration.
International Journal of Business Environment, 2010
ABSTRACT This paper analyses the Brazilian trajectory of foreign investments, exploring the links... more ABSTRACT This paper analyses the Brazilian trajectory of foreign investments, exploring the links by which economic structure has shaped the competitive advantages of Brazilian firms investing abroad. We apply the investment development path (IDP) framework proposed by Dunning, which provides the tools to explain a micro phenomenon with macroeconomic evidence. From this departing point, the paper aims to shed light on some aspects of the country's structure and recent events that had impact on the economic sphere, in order to further explain the position that Brazil holds in its IDP graph.
This paper investigates FDI-related spillovers in Brazil for the period 1996-2005. In contrast to... more This paper investigates FDI-related spillovers in Brazil for the period 1996-2005. In contrast to most previous recent studies, which have failed to identify any significant effects in emerging economies, we found that horizontal spillovers did arise in Brazil. However, they did not ...
This paper addresses the interplay between foreign direct investment (FDI) and the industrial and... more This paper addresses the interplay between foreign direct investment (FDI) and the industrial and innovation policies of host economies. Drawing on insights from both business and policy literature, the paper argues that the prevailing macroeconomic perspective related to the attraction of FDI inflows and disregard for existing foreign subsidiaries are misleading. The rationale for this claim is the very fact that foreign subsidiaries are part of the innovation and the industrial systems of their host countries. Hence, their economic and innovative performances impact the overall dynamics and competitiveness of their host countries.
The Clean Development Mechanism (CDM) is one of the three greenhouse gas emission reduction and t... more The Clean Development Mechanism (CDM) is one of the three greenhouse gas emission reduction and trading instruments of the Kyoto Protocol (KP). The CDM allows governments and business entities from developed countries to offset their emissions liabilities by reducing or avoiding emissions in developing countries, where it is often cheaper to do so. Our results reveal that the majority of the CDM projects utilise local sources of technology. We attempt to explain technology sourcing patterns in CDM projects through the use of knowledge based determinants. Our empirical analysis indicates that in countries with a stronger knowledge base in climate friendly technologies, CDM project implementers tend to use local, as well as a combination of local and foreign technologies, more than foreign technologies.
This study focuses on ‘multilatinas’, a group of emerging multinationals headquartered in Latin A... more This study focuses on ‘multilatinas’, a group of emerging multinationals headquartered in Latin American countries, and analyses the flows of knowledge between multilatinas’ European subsidiaries and their headquarters. The research tracts both the occurrence of conventional flows of knowledge from headquarters to their European subsidiaries, as well those flows going in the reverse direction. The paper’s main findings can be summarised as follows. First, multilatinas presence in Europe is the result of the combination of market and strategic-asset seeking drivers; with Europe being both an important market for multilatinas, as well as a key location for their R&D activities. Second, multilatinas’ European subsidiaries exchange knowledge with their headquarters in Latin America, implying the concurrency of both conventional and reverse knowledge flows. Third, multilatinas are not only tapping into European knowledge base (strategic-asset seeking), they are also bringing knowledge into their European operations, suggesting the occurrence of spillovers into the host environments. Forth, intra-firm trade is a key mechanism for knowledge transfers, particularly from Europe to Latin America.
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Papers by Ionara da Costa
subsidiaries and their headquarters. The research tracts both the occurrence of conventional flows of knowledge from headquarters to their European subsidiaries, as well those flows going in the
reverse direction. The paper’s main findings can be summarised as follows. First, multilatinas presence in Europe is the result of the combination of market and strategic-asset seeking drivers;
with Europe being both an important market for multilatinas, as well as a key location for their R&D activities. Second, multilatinas’ European subsidiaries exchange knowledge with their
headquarters in Latin America, implying the concurrency of both conventional and reverse knowledge flows. Third, multilatinas are not only tapping into European knowledge base
(strategic-asset seeking), they are also bringing knowledge into their European operations, suggesting the occurrence of spillovers into the host environments. Forth, intra-firm trade is a key mechanism for knowledge transfers, particularly from Europe to Latin America.
subsidiaries and their headquarters. The research tracts both the occurrence of conventional flows of knowledge from headquarters to their European subsidiaries, as well those flows going in the
reverse direction. The paper’s main findings can be summarised as follows. First, multilatinas presence in Europe is the result of the combination of market and strategic-asset seeking drivers;
with Europe being both an important market for multilatinas, as well as a key location for their R&D activities. Second, multilatinas’ European subsidiaries exchange knowledge with their
headquarters in Latin America, implying the concurrency of both conventional and reverse knowledge flows. Third, multilatinas are not only tapping into European knowledge base
(strategic-asset seeking), they are also bringing knowledge into their European operations, suggesting the occurrence of spillovers into the host environments. Forth, intra-firm trade is a key mechanism for knowledge transfers, particularly from Europe to Latin America.