Glass, Amy Jocelyn; Saggi, Kamal - In: Canadian Journal of Economics 32 (1999) 1, pp. 92-117
The authors find that the role foreign direct investment (FDI) plays in international technology transfer (ITT) hinges … on whether substitute channels of ITT--such as imitation--exist for the host country. If FDI is the sole channel of ITT …, a faster flow of FDI to the South increases the rates of innovation, imitation, and ITT, so FDI generates dynamic …