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Persistent link: https://www.econbiz.de/10009007217

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Foreign know-how, firm control, and the income of developing countries

Burstein, Ariel T.; Monge-Naranjo, Alexander - 2007

Managerial know-how shapes the productivity of firms by defining the set of available technologies, production choices, and market opportunities. This know-how can be reallocated across countries as managers acquire control of factors of production abroad. In this paper, we construct a...