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the pharmaceutical industry. In this proposed theoretical and empirical work, innovation from the North, followed by … oligopolistic market induced by vertical innovation, tighter IPRs may hurt both economies; while in a monopolistic competition … market induced by horizontal innovation, tighter IPRs may benefit both economies as long as the degree of IPR protection is …
Persistent link: https://www.econbiz.de/10013082062
Promoting policies to stimulate innovation and promote the absorptive capacity at national level, by analysing the relationship … between FDI inward flows and a set of innovation and absorptive capacity indicators. Results show that the gap between …
Persistent link: https://www.econbiz.de/10012061108
We consider two channels via which foreign inputs into industrial production may lead to productivity effects. The first one concerns dynamic externalities between firms which share technical and organizational knowledge which is vital for the productivity growth of a particular industry. We...
Persistent link: https://www.econbiz.de/10011472478
Foreign direct investment is in reality a heterogeneous flow of funds, composed of both greenfield-FDI ("greenfield investment") and acquisition-FDI (cross-border mergers and acquisitions). We analyse the choice of FDI mode in an international oligopoly where process R&D decisions are made...
Persistent link: https://www.econbiz.de/10014060724
The analysis is motivated by the observation that foreign direct investment (FDI) is in reality a heterogeneous flow of funds, composed of both greenfield-FDI ('greenfield investment') and acquisition-FDI (cross-border mergers and acquisitions), although previous game-theoretic analyses have...
Persistent link: https://www.econbiz.de/10014084860
This paper relates to the literature on pecuniary externalities from FDI. Their transmission mechanism is complex, because pecuniary externalities may cause knowledge externalities and inversely. Moreover, each type of externality, or a combination of both, may increase firm productivity. Thus,...
Persistent link: https://www.econbiz.de/10011932597
We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain …. Innovation and human-capital accumulation appear as in-line engines of scale-invariant endogenous growth. Industries evolve … according to stochastic processes of innovation, imitation and technology adaption in the global economy. …
Persistent link: https://www.econbiz.de/10011295685
We show in a dynamic investment setting whether firms choose FDI or international portfolio investment (FPI) in the presence of stochastic productivity taking into account differences in flexibility of both investments. Isolated FPI and FDI investments are compared to combined FPI and FDI...
Persistent link: https://www.econbiz.de/10003865729
The underlying model analyzes the first time foreign market entry decision of a representative investor who can choose between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology and sheds light on the effects of productivity...
Persistent link: https://www.econbiz.de/10003883086
domestic firms by the spillover of their technological know-how, innovation capability, and marketing and management skills …
Persistent link: https://www.econbiz.de/10013034548