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distance may have a non-monotonous effect on the likelihood of horizontal investments, and (iii) that globalization, if …
Persistent link: https://www.econbiz.de/10010366525
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
Does foreign entry improve host country productivity and welfare? Previous studies have looked at the role of backward linkages with domestic suppliers and their effects on domestic competitors. In this paper, we study how these externalities are affected by technological incompatibilities...
Persistent link: https://www.econbiz.de/10013097512
It is commonly believed that accumulation of human capital (HC) and availability of physical and financial capitals are among the major determinants of economic growth. In a globalised world, where factors of production are increasingly mobile, the process of domestic accumulation of HC might be...
Persistent link: https://www.econbiz.de/10012773554
This paper investigates how knowledge transferred within multinational corporations affects capital structure decisions of foreign affiliates. Employing the unique dataset on Korean multinationals and their employment structure of foreign affiliates, we measure the knowledge transfer through...
Persistent link: https://www.econbiz.de/10013237826
domestic firms by the spillover of their technological know-how, innovation capability, and marketing and management skills …
Persistent link: https://www.econbiz.de/10013034548
This paper is based on the model of backward linkages from foreign direct investment (FDI) Lin/Saggi (2003), where the market structure of the final goods sector is represented by a monopoly or Cournot oligopoly, and the supplier sector - by a pure monopoly. We extend this model by examining...
Persistent link: https://www.econbiz.de/10013316575
This paper studies the effect of technology spillovers on the entry decision of a multinational enterprise into a foreign market. Two alternative entry modes for a foreign direct investment are considered: Greenfield investment versus acquisition. We find that with quantity competition a...
Persistent link: https://www.econbiz.de/10010440961
We analyze how one of the central drivers of globalization, foreign direct investment (FDI), relates to the prevalence … of corruption. According to received wisdom, the link between globalization and corruption depends on the presence of … in less developed countries, but not in developed countries. Our findings highlight the role of globalization in shaping …
Persistent link: https://www.econbiz.de/10014211533
We analyze a model where a multinational firm can use its superior technology in a foreign subsidiary only after appropriate training of local managers. Technological spillovers from foreign direct investment arise when such managers are later hired by a local firm. Benefits for the host economy...
Persistent link: https://www.econbiz.de/10014027331