Foreign direct investment and firm innovation in selected sub-Saharan African Countries

The impact of innovation on every economy cannot be overemphasized. Hence, this study investigates empirically the impact of inward FDI on host firms’ innovation in Nigeria and South Africa using the World Bank Enterprise Survey dataset (WBES). In examining this relationship between FDI and firm inn...

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Autores principales:	Joseph Dery Nyeadi, Charles Adjasi
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	fdi process innovation product innovation south africa nigeria and instrumental variable Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/f274f184d30349f6b96b1c6c41e498b8
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id	oai:doaj.org-article:f274f184d30349f6b96b1c6c41e498b8
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spelling	oai:doaj.org-article:f274f184d30349f6b96b1c6c41e498b82021-12-02T18:21:13ZForeign direct investment and firm innovation in selected sub-Saharan African Countries2331-197510.1080/23311975.2020.1763650https://doaj.org/article/f274f184d30349f6b96b1c6c41e498b82020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1763650https://doaj.org/toc/2331-1975The impact of innovation on every economy cannot be overemphasized. Hence, this study investigates empirically the impact of inward FDI on host firms’ innovation in Nigeria and South Africa using the World Bank Enterprise Survey dataset (WBES). In examining this relationship between FDI and firm innovation, two robust instrumental variable estimation techniques (two-stage least squares and limited information maximum likelihood) were employed so as to account for any endogeneity problems. The study establishes that while FDI positively influences firm innovation in Nigeria, it does not have any impact on firm innovation in South Africa. This study thus presents evidence that context is very crucial in the investigation of the link between FDI and innovation in Sub-Saharan Africa. It is thus recommended that FDI attraction into Africa should be selectively done with more focus on inflows from more advanced and innovative economies.Joseph Dery NyeadiCharles AdjasiTaylor & Francis Grouparticlefdiprocess innovationproduct innovationsouth africanigeria and instrumental variableBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	fdi process innovation product innovation south africa nigeria and instrumental variable Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	fdi process innovation product innovation south africa nigeria and instrumental variable Business HF5001-6182 Management. Industrial management HD28-70 Joseph Dery Nyeadi Charles Adjasi Foreign direct investment and firm innovation in selected sub-Saharan African Countries
description	The impact of innovation on every economy cannot be overemphasized. Hence, this study investigates empirically the impact of inward FDI on host firms’ innovation in Nigeria and South Africa using the World Bank Enterprise Survey dataset (WBES). In examining this relationship between FDI and firm innovation, two robust instrumental variable estimation techniques (two-stage least squares and limited information maximum likelihood) were employed so as to account for any endogeneity problems. The study establishes that while FDI positively influences firm innovation in Nigeria, it does not have any impact on firm innovation in South Africa. This study thus presents evidence that context is very crucial in the investigation of the link between FDI and innovation in Sub-Saharan Africa. It is thus recommended that FDI attraction into Africa should be selectively done with more focus on inflows from more advanced and innovative economies.
format	article
author	Joseph Dery Nyeadi Charles Adjasi
author_facet	Joseph Dery Nyeadi Charles Adjasi
author_sort	Joseph Dery Nyeadi
title	Foreign direct investment and firm innovation in selected sub-Saharan African Countries
title_short	Foreign direct investment and firm innovation in selected sub-Saharan African Countries
title_full	Foreign direct investment and firm innovation in selected sub-Saharan African Countries
title_fullStr	Foreign direct investment and firm innovation in selected sub-Saharan African Countries
title_full_unstemmed	Foreign direct investment and firm innovation in selected sub-Saharan African Countries
title_sort	foreign direct investment and firm innovation in selected sub-saharan african countries
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/f274f184d30349f6b96b1c6c41e498b8
work_keys_str_mv	AT josephderynyeadi foreigndirectinvestmentandfirminnovationinselectedsubsaharanafricancountries AT charlesadjasi foreigndirectinvestmentandfirminnovationinselectedsubsaharanafricancountries
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Foreign direct investment and firm innovation in selected sub-Saharan African Countries

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