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Innovation in Emerging Economies: The Spillover Effects of Foreign Direct Investment and Institutions in Russia

In: Institutional Impacts on Firm Internationalization

Author

Listed:
  • Natalya Smith
  • Ekaterina Thomas

Abstract

Economic literature has long emphasized the positive relationship between innovation and economic growth (Baumol, 1968; Cooke, 1998). Innovation capability has been acknowledged to differ across countries and sub-national regions (Lee and Peterson, 2000; Acs et al., 2002; Fritsch, 2002; Michaelides et al., 2004). Academic literature, however, still lacks studies, examining the effect of the regional variations in the business environment on innovation output, for example, on patents, products or services (Rogers, 1998).

Suggested Citation

  • Natalya Smith & Ekaterina Thomas, 2015. "Innovation in Emerging Economies: The Spillover Effects of Foreign Direct Investment and Institutions in Russia," Palgrave Macmillan Books, in: Svetla Marinova (ed.), Institutional Impacts on Firm Internationalization, chapter 7, pages 146-172, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-44635-0_7
    DOI: 10.1057/9781137446350_7
    as

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