The interdependence between FDI and R&D: an application of an endogenous switching model to Taiwan's electronics industry

Autor:	Ryh-Song Yeh, Huilin Lin
Rok vydání:	2005
Předmět:	Economics and Econometrics Labour economics Empirical research Economics Public policy Regression analysis Foreign direct investment Monetary economics
Zdroj:	Applied Economics. 37:1789-1799
ISSN:	1466-4283 0003-6846
DOI:	10.1080/00036840500217093
Popis:	Foreign direct investment (FDI) and research & development (R&D) are mutually dependent and should be treated as endogenous variables in empirical studies. An endogenous switching regression model is used to examine the mutual effect of FDI and R&D in Taiwan's electronics industry. The empirical results show that FDI and R&D are positively related and do reinforce each other. Unbiased coefficients are obtained as they are compared to those estimates if FDI and R&D are treated as exogenous variables. The results have a strong public policy implication for Taiwan's foreign direct investment and can be further used to estimate the difference in R&D expenditures between FDI and non-FDI firms.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::a7350cd0e4101ce18d6029b9a3f20191 https://doi.org/10.1080/00036840500217093 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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