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The institution and enforcement of property rights and contracts have been an important policy issue for the developing countries, the transition economies, and the developed countries in the 1990s. This has led to the development of a literature on technology transfer and how property rights...
Persistent link: https://www.econbiz.de/10012472357
We test the effect of foreign direct investment (FDI) on economic growth in a cross-country regression framework … investment. However, the higher productivity of FDI holds only when the host country has a minimum threshold stock of human … capital. In addition, FDI has the effect of increasing total investment in the economy more than one for one, which suggests …
Persistent link: https://www.econbiz.de/10012473832
We construct a dynamic general equilibrium model of foreign direct investment (FDI) and foreign technology adoption …
Persistent link: https://www.econbiz.de/10014250176
According to the consensus view in growth and development economics, cross country differences in per-capita income largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for patterns of capital flows: everything else equal,...
Persistent link: https://www.econbiz.de/10012465044
We contribute to the long debated issue of whether inward foreign direct investment (FDI) can stimulate investment in … of FDI on total investment - measured as the ratio of gross fixed capital formation to GDP - but only if multinational …
Persistent link: https://www.econbiz.de/10012455631
We consider the multinational firm's decision on whether to enter a new market immediately via direct investment or to … costly mistakes by finding out if the market is large enough to support direct investment. However, the agent is able to … direct investment is the desirable mode of entry when the market is on average large and there is little down- side risk in …
Persistent link: https://www.econbiz.de/10012473864
This paper develops the idea that when markets are imperfectly competitive, final producers may gain from a joint venture that produces part of their input requirements even though marginal cost exceeds the input's market price. Production by the joint venture lowers the market price of the...
Persistent link: https://www.econbiz.de/10012474116
This paper uses a model of dichotomous choice to distinguish the characteristics of Swedish multinational firms that seek out joint ventures from those that do not. The findings suggest that firms with little experience of foreign production and highly diversified product lines are the most...
Persistent link: https://www.econbiz.de/10012476061
industry from 1991 to 1996. Plant-level decisions on R&D, physical capital investment, entry, and exit are integrated in a … physical investment, and plant scrap value distribution. Knowledge spillovers are essential to explaining the firm …
Persistent link: https://www.econbiz.de/10012938702
technology acquisition. In our research setting, the most common way to exercise the option post-CVC investment is via technology …
Persistent link: https://www.econbiz.de/10012457244