Queries whether developing countries really benefit in terms of technology by attracting multinational enterprises through tax advantages and other benefits. Finds, in the case of Argentina, that a significant technology spillover does not occur automatically, but would require domestic...

Despite globalisation, the essential role of FDI in economic development has not changed. However, many mechanisms and dynamics of FDI-assisted development have changed: there is greater variation in the kinds of FDI, the benefits each offers, and the manner in which each interacts with the host...

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Our primary objective here is to suggest when, and under what circumstances is it advantageous for firms to engage in the use of either in-house R&D activity, R&D outsourcing or R&D alliances. The extent to which a firm will use either of these modes is very much dependent on the technology and...

One of the most intriguing aspects of the recent empirical literature on FDI-related spillover effects is the increasing identification of mixed results. A few studies, particularly in advanced countries have found positive effects; however, a more common scenario in recent studies is the...

A growing number of studies suggest that only innovative subsidiaries generate positive technological effects in host countries. In this context, this paper explores the variability in the intensity of innovative activity across MNC subsidiaries within a late-industrialising host economy in...

A stylised fact of the economic literature suggests that export diversification is good for economic growth and is associated with economic development. In addition, there is evidence suggesting that the level of sophistication of countries’ exports “matters” for growth and development....

This paper investigates FDI-related spillovers in Brazil. Contrasting to previous studies on other emerging economies, it found horizontal spillovers. However, spillovers did not arise simply as consequence of technology transfer from MNC headquarters as the standard approach presumes; nor were...

Conventional models of multinational corporation (MNC) related spillovers in host economies assume that they derive from the technological assets created at the headquarters. Subsidiaries' activities in the host economy are not given any role in this process. In this paper, drawing on recent...