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Technology Transfer, Fdi And Economic Growth In The Eu Transition Countries And The Republic Of Croatia

Author

Listed:
  • Heri Bezic

    (Faculty of Economics, University of Rijeka)

  • Petra Karanikic

    (University of Rijeka)

Abstract

The importance of technology in driving the economic growth has been the subject of many studies since technology is one of the key factors of economic growth. Foreign direct investments (FDI) are one of the most effective ways to transfer modern technology and have a positive effect on economic growth. This paper analyses the impact of FDI and indicators of technology transfer and competitiveness on economic growth in the EU Transition countries and Croatia in the period from 2001 to 2010. The analyzed variables were FDI, technology transfer indicators (granted patents, investment in R&D, investment in education) and their impact on GDP. The results showed that there is a positive relationship between FDI and technology transfer indicators on GDP as the key indicator of economic growth what is also related to the EU Transition countries and Croatia.

Suggested Citation

  • Heri Bezic & Petra Karanikic, 2014. "Technology Transfer, Fdi And Economic Growth In The Eu Transition Countries And The Republic Of Croatia," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 23(2), pages 463-482, december.
    • Handle: RePEc:avo:emipdu:v:23:y:2014:i:2:p:463-482
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    References listed on IDEAS

    as
    1. de Mello, Luiz R, Jr, 1999. "Foreign Direct Investment-Led Growth: Evidence from Time Series and Panel Data," Oxford Economic Papers, Oxford University Press, vol. 51(1), pages 133-151, January.
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    More about this item

    Keywords

    FDI; technology transfer; competitiveness; economic growth; EU Transition countries; Croatia;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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