Multinationals, Endogenous Growth, and Technological Spillovers: Theory and Evidence*
نویسندگان
چکیده
منابع مشابه
Multinationals , Endogenous Growth and Technological Spillovers : Theory and Evidence
FDI has received surprisingly little attention in theoretical and empirical work on openness and growth. This paper presents a theoretical growth model where MNCs directly affect the endogenous growth rate via technological spillovers. This is novel since other endogenous growth models with MNCs, e.g. the Grossman-Helpman model, assume away the knowledge-spillovers aspect of FDI. We also presen...
متن کاملEconomic Growth, International Technological Spillovers and Public Policy: Theory and Empirical Evidence from Asia
This paper examines, within the new growth theory framework, the contribution of international technological spillovers using panel data for eleven Asian countries over the period 197093. A country's productivity growth is shown to depend not only on its domestic R&D investment but also on the R&D investment of its trading partners. The evidence for such a positive international technological s...
متن کاملIntegration, productivity and technological spillovers: Evidence for eurozone banking industries
In the context of the debate on increased integration of Eurozone banking markets, this paper evaluates the impact of the Single Market on bank productivity and assesses the cross-border benefits of integration in terms of technological spillovers. We utilise a parametric meta-frontier Divisia index to estimate productivity change and identify technological gaps. We then assess the extent to wh...
متن کاملTechnological Spillovers and Industrial Growth in Chinese Regions
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 growth benefits from both interregional R&D spillovers and after 1998 from international FDI spillov...
متن کاملForeign Knowledge Spillovers and Total Factor Productivity Growth: Evidence from Four ASEAN Countries
This study examines the dynamic relationship between foreign direct investment (FDI) and total factor productivity having controlled for other channels of external openness: exports and imports in four ASEAN countries: Indonesia, Malaysia, Singapore, and Thailand. We employ the panel data analysis PDA (fixed effect and dynamic panel models) as well as the panel cointegration and Granger causali...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Review of International Economics
سال: 2005
ISSN: 0965-7576,1467-9396
DOI: 10.1111/j.1467-9396.2005.00546.x