Effects of foreign direct investment on intellectual property, patents and R&D

dc.authorid0000-0001-7494-9591
dc.authorid0000-0003-4168-2792
dc.authorscopusid57104823500
dc.authorscopusid56127310200
dc.authorwosidARUN, KORHAN/I-4209-2019
dc.authorwosidYILDIRIM, Durmuş Çağrı/V-8841-2019
dc.contributor.authorArun, Korhan
dc.contributor.authorYıldırım, Durmuş Çağrı
dc.date.accessioned2022-05-11T14:33:29Z
dc.date.available2022-05-11T14:33:29Z
dc.date.issued2017
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractAs innovative firms have considerable competitive advantage, more foreign direct investment (FDI) research has been related to innovation. The primary aim of this study is to explore how intra-regional economies interact with host countries' innovative performance, and how they are affected by FDI. Azerbaijan, Georgia and Turkey, located in the South Caucasus region, are selected as examples. Numbers of patent applications, R&D expenditure (% of GDP), and intellectual property payments are chosen as factors indicative of innovation. While this research tries to explore whether these three countries, connected by large trades, can act as a clustered group, panel cointegration and panel OLS models are used for analysis. The results show that FDI is an important variable affecting the level of innovation in the panel analysis. Nevertheless, individual relationships with FDI vary, and cointegration analysis shows heterogeneity. That is, foreign direct investment could play a central role in increasing the level of innovation for Azerbaijan and Georgia, but it is not an important determinant of Turkey's economic innovation level. Countries should realize that when their economies are becoming stronger FDI is not a useful tool for escalating innovation, rather they should cluster together in order to leverage innovation.
dc.identifier.doi10.4337/qmjip.2017.02.05
dc.identifier.endpage241
dc.identifier.issn2045-9807
dc.identifier.issn2045-9815
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-85021305824
dc.identifier.scopusqualityQ3
dc.identifier.startpage226
dc.identifier.urihttps://doi.org/10.4337/qmjip.2017.02.05
dc.identifier.urihttps://hdl.handle.net/20.500.11776/7769
dc.identifier.volume7
dc.identifier.wosWOS:000404609700006
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorArun, Korhan
dc.institutionauthorYıldırım, Durmuş Çağrı
dc.language.isoen
dc.publisherEdward Elgar Publishing Ltd
dc.relation.ispartofQueen Mary Journal of Intellectual Property
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectforeign direct investment (FDI)
dc.subjectinnovation
dc.subjectpanel data analysis
dc.subjectpanel OLS
dc.subjectAzerbaijan
dc.subjectTurkey
dc.subjectGeorgia
dc.subjectDeveloping-Countries
dc.subjectInnovation Systems
dc.subjectKnowledge
dc.subjectFdi
dc.subjectEurope
dc.subjectTests
dc.titleEffects of foreign direct investment on intellectual property, patents and R&D
dc.typeArticle

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