| Title | Greenfield foreign direct investments and regional environmental technologies |
|---|---|
| ID_Doc | 31052 |
| Authors | Castellani, D; Marin, G; Montresor, S; Zanfei, A |
| Title | Greenfield foreign direct investments and regional environmental technologies |
| Year | 2022 |
| Published | Research Policy, 51, 1 |
| Abstract | 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. |
| https://centaur.reading.ac.uk/100856/1/RESPOL-D-20-01292_R2_Centaur.pdf |
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