It is often argued that multinationals are reluctant to transfer technology due to the fear of spillovers. We show that … may agree to enter a joint venture even though this gives rise to spillovers. Surprisingly, we find that a joint venture … is sometimes not in the interest of a host country, despite the prospect of spillovers. …

structure in an international joint venture. In contrast to existing arguments, we show that spillovers must not always have … venture is mutually beneficial. Surprisingly, however, we find that despite the prospect of spillovers, a joint venture is …

examining technological spillovers in a manufacturing industry setting. The proposed framework overlaps three different … their nature. Using this framework, the kind and the channels through which spillovers occur most can be equally determined … factors and conditions under which spillovers from multinationals occur. …