Regional innovation and the retention of foreign direct investment: a place-based approach

REFERENCES

• Aarstad, J., & Kvitastein, O. A. (2020). Enterprise R&D investments, product innovation and the regional industry structure. Regional Studies, 54(3), 366–376. https://doi.org/10.1080/00343404.2019.1624712
   Web of Science ®Google Scholar
• Aitken, B. J., & Harrison, A. E. (1999). Do domestic firms benefit from direct foreign investment? Evidence from Venezuela. American Economic Review, 89(3), 605–618. https://doi.org/10.1257/aer.89.3.605
   Web of Science ®Google Scholar
• Atkeson, A., & Burstein, A. T. (2010). Innovation, firm dynamics, and international trade. Journal of Political Economy, 118(3), 433–484. https://doi.org/10.1086/653690
   Web of Science ®Google Scholar
• Bailey, D., Pitelis, C., & Tomlinson, P. (2020). Strategic management and regional industrial strategy: Cross-fertilization to mutual advantage. Regional Studies, 54(5), 647–659. https://doi.org/10.1080/00343404.2019.1619927
   Web of Science ®Google Scholar
• Bailey, D., Pitelis, C., & Tomlinson, P. R. (2018). A place-based developmental regional industrial strategy for sustainable capture of co-created value. Cambridge Journal of Economics, 42(6), 1521–1542. https://doi.org/10.1093/cje/bey019
   Web of Science ®Google Scholar
• Bajo-Rubio, O., Díaz-Mora, C., & Díaz-Roldán, C. (2010). Foreign direct investment and regional growth: An analysis of the Spanish case. Regional Studies, 44(3), 373–382. https://doi.org/10.1080/00343400802508844
   Web of Science ®Google Scholar
• Barbero, J., Diukanova, O., Gianelle, C., Salotti, S., & Santoalha, A. (2021). Economic modelling to evaluate Smart Specialisation: An analysis of research and innovation targets in Southern Europe. Regional Studies, 1–14. https://doi.org/10.1080/00343404.2021.1926959
   Web of Science ®Google Scholar
• Barca, F. (2009). An agenda for a reformed Cohesion Policy. Independent report to the Commissioner for Regional Policy. European Union.
   Google Scholar
• Barca, F. (2011). Alternative approaches to development policy: Intersections and divergences, OECD regional outlook 2011: Building resilient regions for stronger economies. OECD Publ.
   Google Scholar
• Barca, F., McCann, P., & Rodríguez-Pose, A. (2012). The case for regional development intervention: Place-based versus place-neutral approaches. Journal of Regional Science, 52(1), 134–152. https://doi.org/10.1111/j.1467-9787.2011.00756.x
   Web of Science ®Google Scholar
• Beer, A., McKenzie, F., Blažek, J., Sotarauta, M., & Ayres, S. (2020). What is place-based policy? Regional Studies Policy Impact Books, 2(1), 11–22. https://doi.org/10.1080/2578711X.2020.1783897
   Google Scholar
• Belderbos, R., & Zou, J. (2009). Real options and foreign affiliate divestments: A portfolio perspective. Journal of International Business Studies, 40(4), 600–620. https://doi.org/10.1057/jibs.2008.108
   Web of Science ®Google Scholar
• Berry, H. (2017). Managing valuable knowledge in weak IP protection countries. Journal of International Business Studies, 48(7), 787–807. https://doi.org/10.1057/s41267-017-0072-1
   Web of Science ®Google Scholar
• Bertrand, M., Duflo, E., & Mullainathan, S. (2004). How much should we trust differences-in-differences estimates? The Quarterly Journal of Economics, 119(1), 249–275. https://doi.org/10.1162/003355304772839588
   Web of Science ®Google Scholar
• Borensztein, E., De Gregorio, J., & Lee, J. W. (1998). How does foreign direct investment affect economic growth? Journal of International Economics, 45(1), 115–135. https://doi.org/10.1016/S0022-1996(97)00033-0
   Web of Science ®Google Scholar
• Brandenburger, A. M., & Nalebuff, B. J. (1995). The right game: Use game theory to shape strategy. Harvard Business Review, 73(4), 57–71.
   Web of Science ®Google Scholar
• Brown, J. R., Martinsson, G., & Petersen, B. C. (2012). Do financing constraints matter for R&D? European Economic Review, 56(8), 1512–1529. https://doi.org/10.1016/j.euroecorev.2012.07.007
   Web of Science ®Google Scholar
• Cano-Kollmann, M., Cantwell, J., Hannigan, T. J., Mudambi, R., & Song, J. (2016). Knowledge connectivity: An agenda for innovation research in international business. Journal of International Business Studies, 47(3), 255–262. https://doi.org/10.1057/jibs.2016.8
   Web of Science ®Google Scholar
• Cantner, U., Dettmann, E., Giebler, A., Guenther, J., & Kristalova, M. (2019). The impact of innovation and innovation subsidies on economic development in German regions. Regional Studies, 53(9), 1284–1295. https://doi.org/10.1080/00343404.2019.1639656
   Web of Science ®Google Scholar
• Castellani, D., Meliciani, V., & Mirra, L. (2016). The determinants of inward foreign direct investment in business services across European regions. Regional Studies, 50(4), 671–691. https://doi.org/10.1080/00343404.2014.928677
   Web of Science ®Google Scholar
• Clarysse, B., Wright, M., Bruneel, J., & Mahajan, A. (2014). Creating value in ecosystems: Crossing the chasm between knowledge and business ecosystems. Research Policy, 43(7), 1164–1176. https://doi.org/10.1016/j.respol.2014.04.014
   Web of Science ®Google Scholar
• Cohen, W. M., & Levinthal, D. A. (1990). Absorptive capacity: A new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128–152. https://doi.org/10.2307/2393553
   Web of Science ®Google Scholar
• Crescenzi, R., & Rodríguez-Pose, A. (2009). Systems of innovation and regional growth in the EU: Endogenous vs. external innovative activities and socio-economic conditions. In U. Fratesi, & L. Senn (Eds.), Growth and innovation of competitive regions: The role of internal and external connections (pp. 167–191). Springer.
   Google Scholar
• Crespo, N., & Fontoura, M. P. (2007). Determinant factors of FDI spillovers – What do we really know? World Development, 35(3), 410–425. https://doi.org/10.1016/j.worlddev.2006.04.001
   Web of Science ®Google Scholar
• Cui, L., Fan, D., Li, Y., & Choi, Y. (2020). Regional competitiveness for attracting and retaining foreign direct investment: A configurational analysis of Chinese provinces. Regional Studies, 54(5), 692–703. https://doi.org/10.1080/00343404.2019.1636023
   Web of Science ®Google Scholar
• D’Ingiullo, D., & Evangelista, V. (2020). Institutional quality and innovation performance: Evidence from Italy. Regional Studies, 54(12), 1724–1736. https://doi.org/10.1080/00343404.2020.1765230
   Web of Science ®Google Scholar
• Dunning, J. H., & Lundan, S. M. (2008). Multinational enterprises and the global economy (2nd Ed.). Edward Elgar.
   Google Scholar
• Fallon, G., & Cook, M. (2010). Exploring the regional distribution of inbound foreign direct investment in the UK in theory and practice: Evidence from a five-region study. Regional Studies, 44(3), 337–353. https://doi.org/10.1080/00343400802378735
   Web of Science ®Google Scholar
• Fu, X., Pietrobelli, C., & Soete, L. (2010). The role of foreign technology and indigenous innovation in emerging economies: Technological change and catching up. Inter-American Development Bank, Institutional Capacity and Finance Sector.
   Google Scholar
• Getachew, Y. S., & Beamish, P. W. (2017). Foreign subsidiary exit from Africa: The effects of investment purpose diversity and orientation. Global Strategy Journal, 7(1), 58–82. https://doi.org/10.1002/gsj.1142
   Web of Science ®Google Scholar
• Griliches, Z. (1990). Patent statistics as economic indicators: A survey. Journal of Economic Literature, 28(4), 1661–1707.
   Web of Science ®Google Scholar
• Grossman, G. M., & Helpman, E. (1991). Innovation and growth in the global economy. MIT Press.
   Google Scholar
• Guan, J., & Chen, K. (2010). Measuring the innovation production process: A cross-region empirical study of China’s high-tech innovations. Technovation, 30(5), 348–358. https://doi.org/10.1016/j.technovation.2010.02.001
   Web of Science ®Google Scholar
• Guan, J., & Yam, R. C. M. (2015). Effects of government financial incentives on firms’ innovation performance in China: Evidences from Beijing in the 1990s. Research Policy, 44(1), 273–282. https://doi.org/10.1016/j.respol.2014.09.001
   Web of Science ®Google Scholar
• Halvorsen, T. (2012). Size, location and agglomeration of inward foreign direct investment (FDI) in the United States. Regional Studies, 46(5), 669–682. https://doi.org/10.1080/00343404.2010.506186
   Web of Science ®Google Scholar
• Han, U., Asmild, M., & Kunc, M. (2016). Regional R&D efficiency in Korea from static and dynamic perspectives. Regional Studies, 50(7), 1170–1184. https://doi.org/10.1080/00343404.2014.984670
   Web of Science ®Google Scholar
• Hildreth, P., & Bailey, D. (2013). The economics behind the move to ‘localism’ in England. Cambridge Journal of Regions, Economy and Society, 6(2), 233–249. https://doi.org/10.1093/cjres/rst004
   Web of Science ®Google Scholar
• Hoskisson, R. E., Eden, L., Lau, C. M., & Wright, M. (2000). Strategy in emerging economies. Academy of Management Journal, 43(3), 249–267. https://doi.org/10.2307/1556394
   Web of Science ®Google Scholar
• Hosmer, D. W., Lemeshow, S., & May, S. (2008). Applied survival analysis: Regression modeling of time to event data (2nd Ed). Wiley.
   Google Scholar
• Huang, L., Liu, X., & Xu, L. (2012). Regional innovation and spillover effects of foreign direct investment in China: A threshold approach. Regional Studies, 46(5), 583–596. https://doi.org/10.1080/00343404.2010.520694
   Web of Science ®Google Scholar
• Inkpen, A. C., & Beamish, P. W. (1997). Knowledge, bargaining power, and the instability of international joint ventures. Academy of Management Review, 22(1), 177–202. https://doi.org/10.2307/259228
   Web of Science ®Google Scholar
• Kim, T.-Y., Delios, A., & Xu, D. (2010). Organizational geography, experiential learning and subsidiary exit: Japanese foreign expansions in China, 1979–2001. Journal of Economic Geography, 10(4), 579–597. https://doi.org/10.1093/jeg/lbq014
   Web of Science ®Google Scholar
• Lee, D. S., & Lemieux, T. (2010). Regression discontinuity designs in economics. Journal of Economic Literature, 48(2), 281–355. https://doi.org/10.1257/jel.48.2.281
   Web of Science ®Google Scholar
• Lewin, P. A., Watson, P., & Brown, A. (2018). Surviving the Great Recession: The influence of income inequality in US urban counties. Regional Studies, 52(6), 781–792.
   Web of Science ®Google Scholar
• Mieszkowski, K., & Barbero, J. (2021). Territorial patterns of R&D+I grants supporting Smart Specialisation projects funded from the ESIF in Poland. Regional Studies, 55(3), 390–401. https://doi.org/10.1080/00343404.2020.1782877
   Web of Science ®Google Scholar
• Nielsen, B. B., Asmussen, C. G., & Weatherall, C. D. (2017). The location choice of foreign direct investments: Empirical evidence and methodological challenges. Journal of World Business, 52(1), 62–82. https://doi.org/10.1016/j.jwb.2016.10.006
   Web of Science ®Google Scholar
• Nonaka, I., Toyama, R., & Konno, N. (2000). SECI, ba and leadership: A unified model of dynamic knowledge creation. Long Range Planning, 33(1), 5–34. https://doi.org/10.1016/S0024-6301(99)00115-6
   Web of Science ®Google Scholar
• North, D. C. (1990). Institutions, institutional change and economic performance. Cambridge University Press.
   Google Scholar
• Ott, U., Liu, X., & Buck, T. (2014). How long will the marriage of Sino-foreign JVs in China last? A theoretical and empirical investigation. International Business Review, 23(5), 873–886. https://doi.org/10.1016/j.ibusrev.2014.01.005
   Web of Science ®Google Scholar
• Oxley, J. E. (1999). Institutional environment and the mechanisms of governance: The impact of intellectual property protection on the structure of inter-firm alliances. Journal of Economic Behavior & Organization, 38(3), 283–309. https://doi.org/10.1016/S0167-2681(99)00011-6
   Web of Science ®Google Scholar
• Rabe-Hesketh, S., & Skrondal, A. (2012). Multilevel and longitudinal modeling using Stata, Volumes I and II (3rd ed.). Taylor & Francis.
   Google Scholar
• Rasel, S., Abdulhak, I., Kalfadellis, P., & Heyden, M. L. M. (2020). Coming home and (not) moving in? Examining reshoring firms’ subnational location choices in the United States. Regional Studies, 54(5), 704–718. https://doi.org/10.1080/00343404.2019.1669784
   Web of Science ®Google Scholar
• Rodríguez-Pose, A. (2013). Do institutions matter for regional development? Regional Studies, 47(7), 1034–1047. https://doi.org/10.1080/00343404.2012.748978
   Web of Science ®Google Scholar
• Romer, P. M. (1986). Increasing returns and long-run growth. Journal of Political Economy, 94(5), 1002–1037. https://doi.org/10.1086/261420
   Web of Science ®Google Scholar
• Romer, P. M. (1990). Endogenous technological change. Journal of Political Economy, 98(5, Part 2), S71–S102. https://doi.org/10.1086/261725
   Web of Science ®Google Scholar
• Ryan, T. P. (2008). Modern regression methods (2nd ed.). Wiley.
   Google Scholar
• Sanso-Navarro, M., & Vera-Cabello, M. (2018). The long-run relationship between R&D and regional knowledge: The case of France, Germany, Italy and Spain. Regional Studies, 52(5), 619–631. https://doi.org/10.1080/00343404.2017.1360476
   Web of Science ®Google Scholar
• Sarkar, S., Bilau, J. J., & Basílio, M. (2021). Do anchor infrastructures matter for regional Smart Specialisation strategy? The case of Alentejo. Regional Studies, 55(3), 453–464. https://doi.org/10.1080/00343404.2020.1722804
   Web of Science ®Google Scholar
• Shaver, J. M., & Flyer, F. (2000). Agglomeration economies, firm heterogeneity, and foreign direct investment in the United States. Strategic Management Journal, 21(12), 1175–1193. <1175::AID-SMJ139>3.0.CO;2-Q
   Web of Science ®Google Scholar
• Smith, N., & Thomas, E. (2017). Regional conditions and innovation in Russia: The impact of foreign direct investment and absorptive capacity. Regional Studies, 51(9), 1412–1428. https://doi.org/10.1080/00343404.2016.1164307
   Web of Science ®Google Scholar
• Song, S., & Lee, J. Y. (2017). Relationship with headquarters and divestments of foreign subsidiaries: The hysteresis perspective. Management International Review, 57(4), 545–570. https://doi.org/10.1007/s11575-017-0317-z
   Web of Science ®Google Scholar
• Tang, R. W. (2017). Watch his deed or examine his words? Exploring the potential of the behavioral experiment method for collecting data to measure culture. Cross Cultural & Strategic Management, 24(4), 669–695. https://doi.org/10.1108/CCSM-10-2016-0175
   Web of Science ®Google Scholar
• Tang, R. W., Shu, C., & Zhou, K. Z. (2021a). State ownership of Chinese firms and their outward foreign direct investment: Political and economic contingencies. Asia Pacific Journal of Management. https://doi.org/10.1007/s10490-021-09756-y
   Web of Science ®Google Scholar
• Tang, R. W., Zhu, Y., Cai, H., & Han, J. (2021b). De-internationalization: A thematic review and the directions forward. Management International Review, 61(3), 267–312. https://doi.org/10.1007/s11575-021-00446-x
   Web of Science ®Google Scholar
• Teichert, C., Niebuhr, A., Otto, A., & Rossen, A. (2020). Work experience and graduate migration: An event history analysis of German data. Regional Studies, 54(10), 1413–1424.
   Web of Science ®Google Scholar
• Tsai, W., & Ghoshal, S. (1998). Social capital and value creation: The role of intrafirm networks. Academy of Management Journal, 41(4), 464–476. https://doi.org/10.2307/257085
   Web of Science ®Google Scholar
• Turkina, E., Oreshkin, B., & Kali, R. (2019). Regional innovation clusters and firm innovation performance: An interactionist approach. Regional Studies, 53(8), 1193–1206. https://doi.org/10.1080/00343404.2019.1566697
   Web of Science ®Google Scholar
• United Nations Conference on Trade and Development (UNCTAD). (2020). World investment report 2020: International production beyond the pandemic. United Nations.
   Google Scholar
• Wang, E. C., & Huang, W. (2007). Relative efficiency of R&D activities: A cross-country study accounting for environmental factors in the DEA approach. Research Policy, 36(2), 260–273. https://doi.org/10.1016/j.respol.2006.11.004
   Web of Science ®Google Scholar
• Wang, L., Jacob, J., & Li, Z. (2019). Exploring the spatial dimensions of nanotechnology development in China: The effects of funding and spillovers. Regional Studies, 53(2), 245–260. https://doi.org/10.1080/00343404.2018.1457216
   Web of Science ®Google Scholar
• Wang, Y., Ning, L., Li, J., & Prevezer, M. (2016). Foreign direct investment spillovers and the geography of innovation in Chinese regions: The role of regional industrial specialization and diversity. Regional Studies, 50(5), 805–822. https://doi.org/10.1080/00343404.2014.933800
   Web of Science ®Google Scholar
• Wei, Y., & Liu, X. (2006). Productivity spillovers from R&D, exports and FDI in China's manufacturing sector. Journal of International Business Studies, 37(4), 544–557. https://doi.org/10.1057/palgrave.jibs.8400209
   Web of Science ®Google Scholar
• Wei, Y., Liu, X., Parker, D., & Vaidya, K. (1999). The regional distribution of foreign direct investment in China. Regional Studies, 33(9), 857–867. https://doi.org/10.1080/00343409950075498
   Web of Science ®Google Scholar
• Wojan, T. R. (2019). Geographical differences in intellectual property strategies and outcomes: Establishment-level analysis across the American settlement hierarchy. Regional Studies, Regional Science, 6(1), 574–595. https://doi.org/10.1080/21681376.2019.1682651
   Web of Science ®Google Scholar
• Xu, D., & Lu, J. W. (2007). Technological knowledge, product relatedness, and parent control: The effect on IJV survival. Journal of Business Research, 60(11), 1166–1176. https://doi.org/10.1016/j.jbusres.2006.08.008
   Web of Science ®Google Scholar
• Zaheer, S., & Mosakowski, E. (1997). The dynamics of the liability of foreignness: A global study of survival in financial services. Strategic Management Journal, 18(6), 439–463. https://doi.org/10.1002/(SICI)1097-0266(199706)18:6<439::AID-SMJ884>3.0.CO;2-Y
   Web of Science ®Google Scholar
• Zhao, M. (2006). Conducting R&D in countries with weak intellectual property rights protection. Management Science, 52(8), 1185–1199. https://doi.org/10.1287/mnsc.1060.0516
   Web of Science ®Google Scholar