Cross-border technology investments in recession

• Main Authors: SUN, Juliana Yu, ZHENG, Huanhuan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2023
• Subjects: Research and development; business cycle; growth; FDI; globalization; contractions; cyclicality; destruction; volatility; patterns; Finance; International Economics
• Online Access: https://ink.library.smu.edu.sg/soe_research/2694; https://ink.library.smu.edu.sg/context/soe_research/article/3693/viewcontent/RecessionFDI_2022_1109.pdf
• Institution: Singapore Management University

Utilizing industry-level foreign direct investment (FDI) from 72 source markets to 122 destination markets between 2003 to 2018, we evaluate how cross-border technology investments respond to economic recessions. We find that FDI embedded with intensive research and development (R&D) drops when...