It is often argued that multinationals are reluctant to transfer technology due to the fear of spillovers. We show that … may agree to enter a joint venture even though this gives rise to spillovers. Surprisingly, we find that a joint venture … is sometimes not in the interest of a host country, despite the prospect of spillovers. …

structure in an international joint venture. In contrast to existing arguments we show that spillovers must not always have … venture is mutually beneficial. Surprisingly, however, we find that despite the prospect of spillovers a joint venture is …

evidence on the role of international technology spillovers on economic growth. Further, we discuss the transmission channels … of international technology spillovers and barriers to international technology diffusion. Next we turn to measuring … international technology diffusion. -- International technology spillovers ; Knowledge-intensive economy ; Absorptive capacity …