Globalization and Innovation in Emerging Markets
利用27个新兴市场经济体的数据，研究了外国竞争和与外国企业的联系对本土企业创新的影响，发现外国竞争与创新呈正相关，且供应链和贸易是重要渠道。
Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their competitive position. Using data from 27 emerging market economies, we estimate the effects of foreign competition and linkages with foreign firms on innovation by domestic firms. We provide robust evidence of a positive relationship between foreign competition and innovation, broadly defined. The supply chain of multinational enterprises and trade are also important channels. There is no evidence for an inverted U relationship between innovation and foreign competition. Moreover, the relationship between globalization and innovation does not differ across the manufacturing and service sectors.