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Moving ideas across borders: foreign inventors, patents and FDI

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Moving ideas across borders: foreign inventors, patents and FDI

dc.contributor.author	Cuadros Ramos, Ana
dc.contributor.author	Navas, Antonio
dc.contributor.author	Paniagua Soriano, Jordi
dc.date.accessioned	2023-06-29T06:33:08Z
dc.date.available	2023-06-30T04:45:06Z
dc.date.issued	2022	es_ES
dc.identifier.citation	Cuadros, A., Navas, A., & Paniagua, J. (2022). Moving ideas across borders: Foreign inventors, patents and FDI. The World Economy, 45, 3652– 3678.	es_ES
dc.identifier.uri	https://hdl.handle.net/10550/88579
dc.description.abstract	This paper explores the link between innovation, migration and Foreign Direct Investment (FDI) empirically within a theoretically consistent framework. It analyses how migrant inventors enhance multinational firms' adaptive innovation performance and ultimately foster FDI towards the migrant's country of origin. Foreign migrant inventors (migrants who filed a patent in their host country) possess a unique mix of technical knowledge and cultural background that contribute to adapting Research and Development (R&D) activities for foreign markets. Therefore, FDI increases in country-pair-sectors with specific endogenous investment in quality, which depends on the migrants in the R&D sector. We constructed a novel panel country-sector data set including FDI, patents and migrant inventors and applied a two-stage structural gravity estimation procedure using migrant inventors as a valid instrument for patents. The results show sizable effects on the extensive and intensive margins of greenfield FDI.	es_ES
dc.language.iso	en	es_ES
dc.publisher	Wiley	es_ES
dc.subject	foreign direct investment	es_ES
dc.subject	gravity	es_ES
dc.subject	migrant inventors	es_ES
dc.subject	patents	es_ES
dc.title	Moving ideas across borders: foreign inventors, patents and FDI	es_ES
dc.type	journal article	es_ES
dc.subject.unesco	UNESCO::CIENCIAS ECONÓMICAS	es_ES
dc.identifier.doi	10.1111/twec.13303	es_ES
dc.accrualmethod	S	es_ES
dc.embargo.terms	0 days	es_ES
dc.type.hasVersion	VoR	es_ES
dc.rights.accessRights	open access	es_ES