Template-type: ReDIF-Paper 1.0  
Author-Name: Isabel Álvarez
Author-Email: isabel.alvarez@ccee.ucm.es
Author-Workplace-Name: Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales (ICEI)
Author-Name: José Molero Zayas
Author-Email: jose_molero@ccee.ucm.es
Author-Workplace-Name: Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales (ICEI)
Title: Technology and the Generation of International Knowledge Spillovers. An Application to Spanish Manufacturing Firms
Abstract: Technology is among firms ownership advantages explaining their internationalisation as,
	now for decades, the eclectic approach has highlighted. The debate about the positive
	versus negative effects that foreign capital generates in the host economy has gained a new
	relevance today insofar as, on the one hand, the concept of systems of innovation allows
	us to rethink the interaction with the domestic/recipient economies and, on the other, the
	increasing internationalisation of the technological activities of multinational companies
	(MNCs) introduces new forms of that interaction. Therefore, the possibility of generation
	of external effects by MNCs today demands a new reformulation of the problem.
	In this vein, one of the strengthening aspects commonly underlined is that foreign
	knowledge, not completely appropriable by the foreign firms, may spill over into domestic
	firms. However, since the findings of the empirical evidence are not fully confirmatory of
	the hypothesis, and taking into account the new conditions, this essay attempts to offer
	new light with research about the Spanish manufacturing firms. Two main issues are
	focused on this analysis. First, the importance of dynamics in the assessment of
	technological spillovers motivated by foreign direct investment (FDI), which is possible
	thanks to the availability of a panel data for manufacturing firms in Spain in the period
	1991-1999. Second, the importance that technology may have for the generation of
	spillovers and to what extent the Pavitt taxonomy of industries is still useful for in depth
	analysis of such a learning process.
Keywords: Foreign capital, Foreign direct investment,Spanish manufacturing firms, Knowledge Spillovers
Creation-Date: 2004 
Length: 21 pages
Number:
 0401
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/wpaper01-04.txt
File-URL: https://eprints.ucm.es/id/eprint/10289/1/WP01-04.pdf
File-Format: Application/pdf
File-Function: Full text
Handle: RePEc:ucm:wpaper:0401