between inward FDI spillovers and regional innovation. We use data on the investments of multinational companies (MNCs) in … regional innovation occur when the new knowledge provided by inward FDI can be associated with the existing capabilities of …

knowledge spillovers are unmeasurable, a 'goodness of fit' measure is constructed using innovation survey data. It turns out … measures constructed from innovation survey data appear to work reasonably well while measures of the Euclidean technological …