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Přímé zahraniční investice a technologická změna

Foreign direct investment and technology change

På svenska

Author

  • Martin Srholec

Summary, in English

Paper focuses on foreign direct investment (FDI) in manufacturing in the Czech Republic, Hungary, Poland and Slovakia (CECs), where FDI penetration jumped to remarkable high levels in recent years. Foreign investment enterprises are more profitable, export oriented and technologically superior compared to domestic companies. FDI is perceived as a main channel of technology transfer and potential source of spillovers in host economy, though, estimates of technology transfer show mixed picture in the CECs. FDI spurs restructuring and productivity growth in foreign investment enterprises but FDI rather crowds-out domestic companies as spillovers are confirmed only to domestic companies with sufficient technological absorptive capacity. Paper concludes with some policy implications regarding FDI promotion and innovation policy.

Publishing year

2003

Language

Other

Pages

695-713

Publication/Series

Politicka Ekonomie

Volume

51

Issue

5

Document type

Journal article

Publisher

Vysoka Skola Ekonomicka

Topic

  • Economics and Business

Keywords

  • Foreign direct investment
  • Manufacturing industry
  • Technology gap
  • Technology transfer
  • Transition economies

Status

Published

ISBN/ISSN/Other

  • ISSN: 0032-3233