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Conventional models of multinational corporation (MNC) related spillovers in host economies assume that they derive from the technological assets created at the headquarters. Subsidiaries' activities in the host economy are not given any role in this process. In this paper, drawing on recent...
Persistent link: https://www.econbiz.de/10005451565
Foreign subsidiary performance and market efficiency effects are estimated and confronted in this paper using a rich firm-level panel for Polish manufacturing. Besides estimating total factor productivity, other performance measures are calculated and contrasted such as labor productivity,...
Persistent link: https://www.econbiz.de/10014203071
MNCs relative to domestic firms, particularly in the context of less advanced countries. In this paper, by distinguishing …
Persistent link: https://www.econbiz.de/10010856676
This paper focuses on the role of interregional technology spillovers in the process of industrial growth in Chinese regions in the period 1990-2005. Inflows of FDI increased rapidly from 1990 till 1998, slowing down thereafter. Domestic R&D investment accelerated after 1998. Regional industrial...
Persistent link: https://www.econbiz.de/10010712310
The role of Foreign Direct Investments (FDI) in the process of economic development is of particular relevance since they bring in some specific technological assets that are not immediately available in the host country. The literature related to the microeconomic impact of FDI has been mainly...
Persistent link: https://www.econbiz.de/10005064187
This paper analyses the determinants of the impact of foreign multinational enterprises on the technological development of domestic firms. It argues that the consequences of the foreign presence change according to market and technological conditions. An evolutionary model of technological...
Persistent link: https://www.econbiz.de/10005760584
Western multinational corporations (MNCs) increasingly locate advanced functions, including product development and …. This study investigates the role of foreign MNCs in the formation of these S&E clusters. It is proposed that pioneer MNCs … result, these clusters may develop specialized resources and service capabilities that particularly attract follower MNCs of …
Persistent link: https://www.econbiz.de/10013133139
This paper explores local and global dynamics underlying the development of knowledge services clusters, which we define as new geographic concentrations of technical talent and service providers offering upstream technical and knowledge-intensive business services to regional and global...
Persistent link: https://www.econbiz.de/10013133184
Applying extant IB theory, I argue that initial firm internationalisation is shaped by the interdependence and dynamic interaction between its O assets and the L assets of its home location. Regardless of nationality, the initial O assets of an infant MNE tend to be constrained by the L assets...
Persistent link: https://www.econbiz.de/10010856340
The changes in globalization and in the world of international business make it necessary to rethink the basic model of the economics of international business. For most of the 2nd half of the 20th century international business was about how large companies in the developed countries increase...
Persistent link: https://www.econbiz.de/10014202645