Greenfield foreign direct investments and regional environmental technologies

被引:56
|
作者
Castellani, Davide [1 ,4 ]
Marin, Giovanni [2 ]
Montresor, Sandro [3 ]
Zanfei, Antonello [2 ]
机构
[1] Univ Reading, Henley Business Sch, Reading, Berks, England
[2] Univ Urbino, Dept Econ Soc Polit, Urbino, Italy
[3] Gran Sasso Sci Inst, Laquila, Italy
[4] Univ Perugia, Dept Econ, Perugia, Italy
关键词
Green regional specialisation; FDIs; Environmental technologies; RESEARCH-AND-DEVELOPMENT; KNOWLEDGE SPILLOVERS; MULTINATIONAL FIRMS; ECONOMIC-GEOGRAPHY; ECO-INNOVATION; OFFSHORE WIND; PATH CREATION; FDI; POLLUTION; INDUSTRY;
D O I
10.1016/j.respol.2021.104405
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
This paper builds on (eco-)innovation geography and international business studies to investigate the effects of greenfield foreign direct investments (FDIs) on regional specialisation in environmental technologies. Combining the OECD-REGPAT and the fDi Markets datasets with respect to 1,050 European NUTS3 regions over the 2003-2014 period, we find that FDIs can positively impact regions' specialisation in green technologies. This effect is statistically significant when FDIs occur in industries where environmental patents represent a relatively high share of total inventive activities (green-tech FDIs), and it is further reinforced if such foreign investments involve R&D activities. We also find that green-tech R&D FDIs have a larger effect in regions whose prior knowledge base is highly unrelated to environmental technologies. Furthermore, green-tech FDIs in R&D contribute to maintaining the specialisation of regions in environmental technologies over time, while it is only for high levels of unrelatedness that such FDIs help regions acquire a green-tech specialisation ex novo.
引用
收藏
页数:17
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