Received: 2021-06-25  |  Accepted: 2021-09-18  |  Published: 2021-09-30

Title

FDI, technology & knowledge transfer from Nordic to Baltic countries


Abstract

The purpose of this study is to examine the intensity of technology and knowledge transfer to the selected Baltic countries through foreign direct investment. The intensity of technology and knowledge transfer across the Baltic countries varies widely, with Estonia showing the leading position in the Baltic region. The amount of foreign direct investment in three countries is linked with the level of technology and knowledge transfer. It is indicated that during the Financial Crisis in 2008, the extent of foreign direct ownership changed in all three countries and later recovered. In the aftermath of this disruption, countries recovered their stock Foreign direct investment attraction rates and almost reached their 2004 level. Latvia has achieved a 50 per cent increase among Baltic countries, benefiting from it. Foreign direct investment and technology transfer increased through effective strategies and policies. In contrast, Estonia maintains a sustained stock foreign direct investment and has moderately lower margins than in other Baltic countries. Among countries, Estonia is the dominant stock FDI absorber in the Baltic region and have made significant contributions in the region.


Keywords

FDI, technology transfer, knowledge transfer, Baltic countries, Nordic countries


JEL classifications

O30


URI

http://jssidoi.org/ird/article/74


DOI


HAL


Pages

31-55


Funding

The research is funded by Iceland, Liechtenstein and Norway through the EEA Grants. Project Title: The Economic Integration of The Nordic-Baltic Region Through Labor, Innovation, Investments and Trade (LIFT). Project contract with the Research Council of Lithuania (LMTLT) No is S-BMT-21-7 (LT08-2-LMT-K-01-070).

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Burinskas, Arūnas
Vilnius Gediminas Technical University, Vilnius, Lithuania https://vilniustech.lt
Vilnius University, Vilnius, Lithuania https://www.vu.lt
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Holmen, Rasmus Bøgh
Institute of Transport Economics, Oslo, Norway https://www.toi.no
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Tvaronavičienė, Manuela
Vilnius Gediminas Technical University, Vilnius, Lithuania https://vilniustech.lt
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Šimelytė, Agnė
Vilnius Gediminas Technical University, Vilnius, Lithuania https://vilniustech.lt
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Razminienė, Kristina
Vilnius Gediminas Technical University, Vilnius, Lithuania https://vilniustech.lt
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Journal title

Insights into Regional Development

Volume

3


Number

3


Issue date

September 2021


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

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