McGrattan, Ellen R. - 2017
other E.U. nations. With less E.U. technology deployed in the United Kingdom, U.K. firms increase investment in their own R … neoclassical growth model that includes multinational firms investing in research and development (R&D), brands, and other …. First, we assume that the United Kingdom unilaterally imposes tighter restrictions on foreign direct investment (FDI) from …