Peri, Giovanni; Urban, Dieter - Dipartimento di Economia, Management e Metodi … - 2002
The presence of foreign multinational enterprises (MNEs) can benefit local economies. In particular, if MNEs are very productive compared to domestic firms, they may promote learning and catch-up of local firms. Such a channel of spillovers from MNEs to local firms is known as the Veblen-...