IDEAS home Printed from https://ideas.repec.org/a/uje/journl/y2014i10p35-38.html
   My bibliography  Save this article

The Impact of TNCs' Technological Resources on Ukrainian Industrial Investment Processes

Author

Listed:
  • Olena Salikhova

    (Public Institution "Institute for Economics and Forecasting, Ukrainian NAS", Kyiv)

  • Halyna Bak

    (Public Institution "Institute for Economics and Forecasting, Ukrainian NAS", Kyiv)

Abstract

Based on the author's methodological approach ТNCs' technological resources impact on innovative investment processes in industry of Ukraine is identified. It is based on economic-mathematical methods of modelling and author's parameters system, including foreign direct investments, royalty, imports of capital and goods. The key determinants of innovative development of Ukrainian industry and investment processes are identified, which allowed to set the most effective channels for attracting foreign technology and to create scientific recommendations for strengthening benefit for national economy from using foreign technology. To determine the leverage of dynamics in modernization processes of domestic industry, we have at first developed a methodical 6-stage approach that allows us to construct an "input-output" model of innovative and investment processes in Ukrainian industry. The results and conclusions allow us to assert that attracting TNCs' technological resources into the economy of Ukraine has a positive impact both on innovative and investment processes of industry as well as on their effectiveness. Greenfield projects value indicator (greenfield_FDI_pr_value), though not included in any mathematical models because of low correlation coefficients, is recognized as the most effective channel for technology transfer to the national economy in a way of foreign direct investment. It is important though, since it indicates the relationship between funding of innovations and investment in industry, which itself is a positive trend.

Suggested Citation

  • Olena Salikhova & Halyna Bak, 2014. "The Impact of TNCs' Technological Resources on Ukrainian Industrial Investment Processes," Ukrainian Journal Ekonomist, Yuriy Kovalenko, issue 10, pages 35-38, October.
  • Handle: RePEc:uje:journl:y:2014:i:10:p:35-38
    as

    Download full text from publisher

    File URL: http://ua-ekonomist.com/archive/2014/10/Salikhova.Pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bin Xu & Jianmao Wang, 1999. "Capital Goods Trade and R&D Spillovers in the OECD," Canadian Journal of Economics, Canadian Economics Association, vol. 32(5), pages 1258-1274, November.
    2. Eaton, Jonathan & Kortum, Samuel, 2001. "Trade in capital goods," European Economic Review, Elsevier, vol. 45(7), pages 1195-1235.
    3. Wolfgang Keller, 2004. "International Technology Diffusion," Journal of Economic Literature, American Economic Association, vol. 42(3), pages 752-782, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Krammer, Marius Sorin, 2008. "International R&D spillovers in transition countries: the impact of trade and foreign direct investment," Kiel Advanced Studies Working Papers 446, Kiel Institute for the World Economy (IfW Kiel).
    2. Damijan, Jože P. & Kostevc, Crt, 2007. "Knowledge Transfer, Innovation and Growth," Papers DYNREG06, Economic and Social Research Institute (ESRI).
    3. Gong, Guan & Keller, Wolfgang, 2003. "Convergence and polarization in global income levels: a review of recent results on the role of international technology diffusion," Research Policy, Elsevier, vol. 32(6), pages 1055-1079, June.
    4. Leimbach, Marian & Baumstark, Lavinia, 2010. "The impact of capital trade and technological spillovers on climate policies," Ecological Economics, Elsevier, vol. 69(12), pages 2341-2355, October.
    5. Keller, Wolfgang, 2010. "International Trade, Foreign Direct Investment, and Technology Spillovers," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 793-829, Elsevier.
    6. repec:lic:licosd:15605 is not listed on IDEAS
    7. Yasar, Mahmut & Morrison Paul, Catherine J., 2007. "International linkages and productivity at the plant level: Foreign direct investment, exports, imports and licensing," Journal of International Economics, Elsevier, vol. 71(2), pages 373-388, April.
    8. Caselli, Francesco & Wilson, Daniel J., 2004. "Importing technology," Journal of Monetary Economics, Elsevier, vol. 51(1), pages 1-32, January.
    9. Wei Jin, 2012. "Can China Harness Globalization to Reap Carbon Savings? Modeling International Technology Diffusion in a Multi-region Framework," CAMA Working Papers 2012-52, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    10. Yasar, Mahmut & Rejesus, Roderick M., 2020. "International linkages, technology transfer, and the skilled labor wage share: Evidence from plant-level data in Indonesia," World Development, Elsevier, vol. 128(C).
    11. Jin, Wei, 2015. "Can China harness globalization to reap domestic carbon savings? Modeling international technology diffusion in a multi-region framework," China Economic Review, Elsevier, vol. 34(C), pages 64-82.
    12. Alexis Habiyaremye, 2008. "Economic Proximity and Technology Flows: South Africa's Influence and the Role of Technological Interaction in Botswana's Diversification Effort," WIDER Working Paper Series RP2008-92, World Institute for Development Economic Research (UNU-WIDER).
    13. Lin, Jenny X. & Lincoln, William F., 2017. "Pirate's treasure," Journal of International Economics, Elsevier, vol. 109(C), pages 235-245.
    14. Patricia Augier & Olivier Cadot & Marion Dovis, 2013. "Imports and TFP at the firm level: the role of absorptive capacity," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(3), pages 956-981, August.
    15. Madsen, Jakob B., 2007. "Technology spillover through trade and TFP convergence: 135 years of evidence for the OECD countries," Journal of International Economics, Elsevier, vol. 72(2), pages 464-480, July.
    16. Chongfeng Wang & Gupeng Zhang, 2019. "Examining the moderating effect of technology spillovers embedded in the intra- and inter-regional collaborative innovation networks of China," Scientometrics, Springer;Akadémiai Kiadó, vol. 119(2), pages 561-593, May.
    17. Gancia, Gino & Bonfiglioli, Alessandra, 2008. "North-South trade and directed technical change," Journal of International Economics, Elsevier, vol. 76(2), pages 276-295, December.
    18. Wolfgang Keller & Stephen R. Yeaple, 2009. "Multinational Enterprises, International Trade, and Productivity Growth: Firm-Level Evidence from the United States," The Review of Economics and Statistics, MIT Press, vol. 91(4), pages 821-831, November.
    19. Blalock, Garrick & Veloso, Francisco M., 2007. "Imports, Productivity Growth, and Supply Chain Learning," World Development, Elsevier, vol. 35(7), pages 1134-1151, July.
    20. Jürgen Antony & Thomas Grebel, 2012. "Technology flows between sectors and their impact on large-scale firms," Applied Economics, Taylor & Francis Journals, vol. 44(20), pages 2637-2651, July.
    21. Jiyong Chen & Wei Liu & Yibo Zhang & Yangyi Sheng, 2010. "An empirical study on FDI international knowledge spillovers and regional economic development in China," Frontiers of Economics in China, Springer;Higher Education Press, vol. 5(3), pages 489-508, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uje:journl:y:2014:i:10:p:35-38. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vadym Bardas' (email available below). General contact details of provider: http://ua-ekonomist.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.