Title :
ICT and FDI: Do they advance the development of technological entrepreneurship?
Author :
Leitão, João ; Baptista, Rui
Author_Institution :
Dept. of Manage. & Econ., Beira Interior Univ., Covilha
Abstract :
This paper investigates whether Foreign Direct Investment (FDI) and investment in Information and Communication Technologies (ICT) advances the development of technological entrepreneurship. We propose that the combination of inward FDI with investment in ICT is an important driver of technologically-oriented entrepreneurial activity. Under a feedback causality context, a Cointegrated Vector Autoregressive approach is used to examine the ´pull´ effect of ICT and the ´push´ effect of FDI. On the one hand, ICT ´pulls´ inward FDI; on the other hand, FDI ´pushes´ investment in ICT. Under a neo-Schumpeterian approach, the triple-mix among technological entrepreneurship, inward FDI, and ICT drives creative destruction through the creation of further SMEs, thus revitalizing the entrepreneurial innovative capability of nations.
Keywords :
autoregressive processes; information technology; innovation management; investment; organisational aspects; small-to-medium enterprises; SME; cointegrated vector autoregressive; entrepreneurial activity; foreign direct investment; information and communication technologies; technological entrepreneurship; technological innovation; Communications technology; Economic indicators; Fault detection; Feedback; Innovation management; Investments; Performance analysis; Public policy; Research and development; Technological innovation; Information Technology; Technological Innovation; Technology;
Conference_Titel :
Engineering Management Conference, 2008. IEMC Europe 2008. IEEE International
Conference_Location :
Estoril
Print_ISBN :
978-1-4244-2288-3
Electronic_ISBN :
978-1-4244-2289-0
DOI :
10.1109/IEMCE.2008.4617991
