A growing number of studies suggest that only innovative subsidiaries generate positive technological effects in host countries. In this context, this paper explores the variability in the intensity of innovative activity across MNC subsidiaries within a late-industrialising host economy in...

The usual perspective on technology spillovers from FDI sees the MNC subsidiary as a passive actor. It presumes that the technological superiority that spreads from subsidiaries to other firms in the host economy is initially created outside it by MNC parent companies, and is delivered to...