This paper considers the effect of acquisition FDI on the knowledge production function. We distinguish between acquisitions by MNEs from technologically leading countries and those behind the technological frontier. We show that both acquire similarly R&D intensive domestic firms, but there are...

This book provides a comprehensive picture of the location of technological innovation of multinational corporations in the European Union. The increasingly global research strategies of the world's largest firms are analyzed at a detailed regional level across the major EU countries. This...