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country is uncertain such that formal education is a noisy signal of human capital, it might be rational for multinational … enterprises to focus more on job-specific training than on formal education of the labour force. Using cross-country data from the … countries than formal education of the work force. -- human capital ; training ; firm-level efficiency ; multinational …
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The paper extends the findings of Coe and Helpman (1995) model of R&D spillovers by considering foreign direct investment (FDI) as a channel for knowl- edge spillovers in addition to imports. Deeper insights on the issue are provided by examining inter-relationship between knowledge spillovers...
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