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Innovation drivers, value chains and the geography of multinational firms in European regions
Crescenzi, Riccardo; Pietrobelli, Carlo; Rabellotti, Roberta - London School of Economics (LSE) - 2012
This paper investigates the geography of multinational corporations’ investments in the EU regions. The ‘traditional’ sources of location advantages (i.e. agglomeration economies, market access and labour market conditions) are considered together with innovation and socio-institutional...
Persistent link: https://www.econbiz.de/10011071453
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Multinational firms, monopolistic competition and foreign investment uncertainty
Chawla, Arunish - London School of Economics (LSE) - 2008
FDI option, while growing market size and national income facilitate early exercise. The model is extended to include a … Poisson jump process, which has policy implications for FDI reforms and explains ‘wait and watch’ behaviour of multinational … based on the theory of call options, I solve ‘FDI option’ as a put option, thereby also enriching the theory of real options. …
Persistent link: https://www.econbiz.de/10010928806
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When the claim hits: bilateral investment treaties and bounded rational learning
Poulsen, Lauge N. Skovgaard; Aisbett, Emma - London School of Economics (LSE) - 2013
Using the international investment regime as its point of departure, the paper applies notions of bounded rationality to the study of economic diplomacy. Through a multi-method approach, it shows that developing countries often ignored the risks of bilateral investment treaties (BITs) until they...
Persistent link: https://www.econbiz.de/10010745595
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International financial integration and entrepreneurship
Alfaro, Laura; Charlton, Andrew - London School of Economics (LSE) - 2006
We explore the relation between international financial integration and the level of entrepreneurial activity in a country. Using a unique data set of approximately 24 million firms in nearly 100 countries in 1999 and 2004, we find suggestive evidence that international financial integration has...
Persistent link: https://www.econbiz.de/10010746519
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Technology, information and the decentralization of the firm
Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - London School of Economics (LSE) - 2006
This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...
Persistent link: https://www.econbiz.de/10010884642
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Is distance dying at last?
Griffith, Rachel; Lee, Sokbae; Van Reenen, John - London School of Economics (LSE) - 2008
Economists have long been sceptical of claims about the 'death of distance' - the idea that new technology has diminished the significance of geography for economic outcomes. Research by Sokbae Lee, Rachel Griffith and John Van Reenen, which looks at patent citations over a quarter of a century,...
Persistent link: https://www.econbiz.de/10010744875
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The impact of private ownership, incentives and local development objectives on university technology transfer performance
Belenzon, Sharon; Schankerman, Mark - London School of Economics (LSE) - 2007
We study the impact of private ownership, incentive pay and local development objectives on university licensing performance. We develop and test a simple contracting model of technology licensing offices, using new survey information together with panel data on U.S. universities for 1995-99. We...
Persistent link: https://www.econbiz.de/10010744928
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Productivity convergence and foreign ownership at the establishment level
Griffith, Rachel; Redding, Stephen; Simpson, Helen - London School of Economics (LSE) - 2003
This paper investigates whether there is convergence in Total Factor Productivity towards the technological frontier at the establishment level. We find convergence to the frontier is statistically and quantitatively important, suggesting the existence of technology spillovers. Foreign...
Persistent link: https://www.econbiz.de/10010744968
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How special is the special relationship?: using the impact of R&D spillovers on UK firms as a test of technology sourcing
Griffith, Rachel; Harrison, Rupert; Van Reenen, John - London School of Economics (LSE) - 2004
How much does US-based R&D benefit other countries and through what mechanisms? We test the "technology sourcing" hypothesis that foreign research labs located on US soil tap into US R&D spillovers and improve home country productivity. Using panels of UK and US firms matched to patent data we...
Persistent link: https://www.econbiz.de/10010745644
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Transnational spatial dependencies in the geography of non-resident patent filings
Perkins, Richard; Neumayer, Eric - London School of Economics (LSE) - 2011
This article provides new insights into how geography shapes spatiotemporal variations in the propensity of actors from particular countries to file for non-resident patents in specific foreign economies. Our major contribution is to show that, in addition to bilateral exports and outward...
Persistent link: https://www.econbiz.de/10010745678