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We develop a tractable growth model to study the dynamic macroeconomic effects of multinational production (MP) across countries. In this model, MP is the vehicle of international idea diffusion: when firms produce in a foreign country, they contribute to the local stock of knowledge. We...
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We examine turbulence over the product life cycle using the lowest possible level of industry aggregation, allowing for the use of panel data to study the evolution of single product markets. We find that replacement of exiting firms by subsequent entry plays a primary role in generating...
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, industrialization and Technological Advancement. The focus of this paper is to theorize investment attraction mechanism for a national …
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increases in investment in skills and Research and Development. If current trends continue China could rank first in the very … investment of foreign multinationals. This is also true for a number of other Emerging Economies. Europe's largest multinational …
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. Competition has an important role to play in achieving such gains. However, Korea’s development strategy has tended to weaken … competition and has left a legacy of government intervention. Strengthening competition requires upgrading competition policy …, increasing openness to international trade and foreign direct investment and improving the regulatory framework in network …
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