Inward FDI and ICT: are they a joint technological driver of entrepreneurship?

Autor:	João Leitão, Rui Baptista
Rok vydání:	2011
Předmět:	Entrepreneurship Creative destruction Information and Communications Technology business.industry Technological change Information technology Context (language use) Business International economics Foreign direct investment Economic system Investment (macroeconomics)
Zdroj:	International Journal of Technology Transfer and Commercialisation. 10:268
ISSN:	1741-5284 1470-6075
Popis:	This paper investigates whether inward foreign direct investment (FDI) and investment in information and communication technologies (ICTs) advance the development of entrepreneurial activity in the host economy. We propose that the combination of inward FDI with investment in ICT is a joint technological driver of entrepreneurship. Under a feedback causality context, a co-integrated vector autoregressive approach is used to examine the 'pull' effect of ICT and the 'push' effect of FDI. On the one hand, ICT 'pulls' FDI; on the other hand, FDI 'pushes' investment in ICT. Under a neo-Schumpeterian approach, the long term economic relationship among entrepreneurial activity, FDI and ICT drives creative destruction through the creation of further SMEs, thus revitalising the entrepreneurial innovative capacity of the host economies.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::b2890b05aef8f9b3ff8335da0c324c2f https://doi.org/10.1504/ijttc.2011.040891 Zobrazit plný text záznamu