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Case Studies | Economics | India | Volume 12 Issue 6, June 2023 | Popularity: 5.2 / 10

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Impact of Foreign Direct Investment on Innovation in Argentina and Brazil

Simran Vohra, Dr. Kuldip Kaur

Abstract: For late industrializersie.. developing countries in to achieve economic domination in today's globalised world, the development of innovative capabilities, more especially indigenous innovation, is a requirement. Almost all of the existing current economic literature concurs that development of innovation contributes to a nation's economic growth and development. However, the influence of FDI inflows on the impact of innovation in developing nations and how the entrance of foreign capital in various forms impacts the innovation capacities in such countries are rather highly contested in the economic literature, which is mostly hazy on this subject. This paper claims to make such an attempt the impact of FDI inflows on innovation in Argentina and Brazil?s economy using empirical data of last three decades. For FDI inflows, data provided by World Bank has been utilised. Patents and trademarks have been used as proxies for Innovation, and the data for patents and trademarks has been obtained from the World Bank Database. Simple statistical tools have been used to gauge the impact of FDI inflows on innovation in the economy of Argentina and Brazil over the years and appropriate conclusions regarding policy has been drawn from the same.

Keywords: FDI, Innovation, Patents, Trademarks, Argentina, Brazil

Edition: Volume 12 Issue 6, June 2023

Pages: 2558 - 2561

DOI: https://www.doi.org/10.21275/SR23623165600

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