This paper investigates the impact of communication cost on the FDI activities of multinational corporations (MNCs). First, we provide a theoretical foundation for a gravity-type FDI model, which shows that physical distance and communication technology are important determinants of FDI...

This paper investigates the impact of communication cost on the FDI activities of multinational corporations (MNCs). First, we provide a theoretical foundation for a gravity-type FDI model, which shows that physical distance and communication technology are important determinants of FDI...

With the rapid pace of economic integration, the productivity of a country depends not only on domestic R&D, but also on foreign R&D through technology diffusion across countries. The advancement of information technology (IT) has made the international transmission of knowledge faster and more...

This paper investigates how the decline of communication costs affects the pattern of trade in differentiated goods. It is found that the development of information technology (IT) has significantly increased US imports of differentiated goods after the 1970s. In addition, the modern...

This paper examines R&D spillovers from G7 countries to other developed and developing countries. We find that knowledge diffusion to developed countries dominates developing countries through both trade and international telephone traffic. However, there is no significant differing effect for...

No abstract received.

This study offers an update of the Hofstede cultural value dimensions. We argue that changes in economic conditions are the source of cultural dynamics, while the endurance of institutional characteristics provides the foundation for cultural stability. It is found that national wealth, measured...

Using data collected by the Bureau of Economic Analysis (BEA), this study attempts to measure the intensity of vertically integrated multinational enterprises (VMNEs) for US foreign direct investment (FDI). By comparing the primary industry of US parents and their foreign affiliates, it is found...