How Attractive are Innovation Systems for Knowledge Intensive Services’ FDI? A Regional Perspective for Spain

Authors

  • Celia Torrecillas Instituto Complutense de Estudios Internacionales, Universidad Complutense de Madrid/Grupo de Investigación en Economía y Política de la Innovación (GRINEI) Universidad Complutense de Madrid
  • Bruno Brandao Fischer Instituto Complutense de Estudios Internacionales, Universidad Complutense de Madrid/Grupo de Investigación en Economía y Política de la Innovación (GRINEI) Universidad Complutense de Madrid

DOI:

https://doi.org/10.4067/S0718-27242011000400004

Keywords:

Regional Innovation Systems, Spain, Knowledge-Intensive Services, Foreign Direct Investment.

Abstract

Following an increasing body of literature that has been generated regarding the role played by Knowledge Intensive Services in economic systems, our approach focuses on KIS international orientation (FDI) according to the attractiveness we expect Regional Innovation Systems might have in these flows. Results suggest that technological variables participate rather marginally in the process of FDI attraction. As this situation unfolds more relevantly in the case of Outward investment than Inward, we can therefore expect that Spanish investment abroad is more oriented towards asset and knowledge seeking than the inflow of investments in services and in KIS in Spanish regions.

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Author Biographies

Celia Torrecillas, Instituto Complutense de Estudios Internacionales, Universidad Complutense de Madrid/Grupo de Investigación en Economía y Política de la Innovación (GRINEI) Universidad Complutense de Madrid

Assistant Researcher at the Research Group on Economics and Innovation Policy, Universidad Complutense de Madrid.

Bruno Brandao Fischer, Instituto Complutense de Estudios Internacionales, Universidad Complutense de Madrid/Grupo de Investigación en Economía y Política de la Innovación (GRINEI) Universidad Complutense de Madrid

Assistant Researcher at the Research Group on Economics and Innovation Policy, Universidad Complutense de Madrid. Currently located at the Manchester Institute of Innovation Research, University of Manchester, as a Visiting Researcher.

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Published

2011-11-24

How to Cite

Torrecillas, C., & Brandao Fischer, B. (2011). How Attractive are Innovation Systems for Knowledge Intensive Services’ FDI? A Regional Perspective for Spain. Journal of Technology Management & Innovation, 6(4), 45–59. https://doi.org/10.4067/S0718-27242011000400004

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Research Articles