Baldwin, Richard; Braconier, Henrik; Forslid, Rikard - In: Review of International Economics 13 (2005) 5, pp. 945-963
FDI has received surprisingly little attention in theoretical and empirical work on openness and growth. This paper presents a theoretical growth model where MNCs directly affect the endogenous growth rate via technological spillovers. This is novel since other endogenous growth models with...