Open AccessDoes innovation co-move with FDI? Evidence from OECD countries
Author(s) -
ChunPing Chang
Publication year - 2022
Publication title -
panoeconomicus
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.289
H-Index - 14
eISSN - 2217-2386
pISSN - 1452-595X
DOI - 10.2298/pan160413006c
Subject(s) - trademark , foreign direct investment , international economics , sample (material) , panel data , business , economics , monetary economics , international trade , econometrics , macroeconomics , political science , chemistry , chromatography , law
In this study, the panel co-integration test combined with structural breaks was used to explore the long-term co-movement between FDI and patent and trademark applications? in accordance with 33 OECD countries from 1999 to 2018. The robust results demonstrate that both innovation variables including patent and trademark comove with FDI in the OECD sample. Furthermore, this long-term co-movement of FDI and innovation experiences some structural breaks during the period 2003-2010. Finally, there is a long-term co-movement between FDI inflows and innovation activity in OECD countries.