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-step process: first joint venture and then acquisition. This perspective is consistent with the evolutionary theory of …
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This study suggests a model for the agglomerative behaviour of MNEs with local competitors. Relying on foreign MNEs’ spatial distribution across 686 Italian Local Labor Systems, we find that MNEs’ locational behaviour is influenced by (i) informational externalities, giving rise to...
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A recent American Economic Review article by David L. Carr, James R. Markusen, and Keith E. Maskus (CMM) estimates a regression specification based upon the 'knowledge-capital' model of the Multinational Enterprise (MNE). The knowledge-capital model combines 'horizontal' motivations for FDI --...
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