This paper undertakes a brief evaluation of the trends in the internationalization of innovative activities. We provide a taxonomy of R&D internationalization strategies, and discuss the main relevant theoretical and empirical issues, before discussing the centripetal and centrifugal forces...

We derive the central differential equation of the neoclassical growth model for the case of a CES (constant elasticity of substitution) production function with perfect capital movement in terms of the debt/GDP ratio and estimate it in several ways for the United States and in a later step the...

In this paper we investigate the implications of permitting parallel imports ofpharmaceuticals produced by a monopoly, from one country to another. We use a modelwhere countries differ in the patients’ level of co-payment for buying pharmaceuticals, andpatients differ in the utility obtained...

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This paper focuses on a model in which low (high) export demand elasticities and the fact that developing countries are importers of capital goods help explaining the slow (high) growth of these countries. The question arises whether export demand elasticities are low or high. For answering this...

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This paper first develops an explanation for the increasing popularity of strategic technology alliances, both globally, and by EU firms. It then evaluates, using data over the period 1980-1994, how private, non-subsidised cooperative agreements in R&D by EU firms has evolved, paying particular...

This paper explores the importance of Dutch investments in the US manufacturing industry over the period 1950-1995.Until the mid-1970s Dutch investments, though considerable, were primarily concentrated in the petroleum sector and therefore natural-resource seeking in nature. Dutch MNEs have...

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Globalisation has resulted in the increased mobility and knowledge intensity of the ownership advantages of MNEs, which they increasingly seek to utilise in conjunction with the created-asset intensive location advantages of countries. We highlight that that the relative opportunity sets (and...