Internationalization and Growth: Evidence from Sweden
نویسنده
چکیده
of numerous articles and books on foreign investment, international trade, and economic growth and development. Summary Outward investment is a way of maximizing the rents on the accumulated knowledge and skill of a country´s firms, or preserving them as long as possible when the country itself has lost its comparative advantage in their industries, and the industries, or parts of them must relocate. This paper examines the internationalization of Swedish firms and investigates the type of operations they move abroad. We find that Swedish MNCs, in contrast to U.S. multinationals, expand their more advanced activities abroad and keep the low wage operations at home. Presumably this is because Sweden has lost its comparative advantage in highly advanced production. We conclude that the home country effects of capital movements in the form of foreign direct investment depend very much on the macroeconomic conditions in the investing country.
منابع مشابه
Use of Cost-Effectiveness Data in Priority Setting Decisions: Experiences from the National Guidelines for Heart Diseases in Sweden
Background The inclusion of cost-effectiveness data, as a basis for priority setting rankings, is a distinguishing feature in the formulation of the Swedish national guidelines. Guidelines are generated with the direct intent to influence health policy and support decisions about the efficient allocation of scarce healthcare resources. Certain medical conditions may be given higher priority ran...
متن کاملPluripotent Dynamic Capabilities in the Internationalization of Firms Focus on Learning, Innovating and Networking in SMEs from Sweden
متن کامل
Core Inflation and Economic Growth, Does Nonlinearity Matters? A Nonlinear Granger Causality Analysis
T his empirical analysis endeavors to trace out the causal nexus between core inflation and economic growth from the perspective of twenty worlds’ leading economy with the help of the nonlinear Granger causality approach by using time series data from 1981 to 2016. Based on nonlinear Granger causality results, it has been found that there is unidirectional casualty running from core ...
متن کاملInternational Growth as Integration of R&d Activities. Evidence from Large Multinational Companies
for their suggestions and precious indications during the drafting of the present paper. The author bears sole responsibility for the contents of this paper. 2 INDEX 1. Introduction 2. Internationalization as development of integration capabilities 3. " Direct placement " and mission of foreign laboratories: the case of Matsushita 4. Corporate takeovers and R&D internationalization: the case of...
متن کاملAnalyzing Correlation between Internationalization Orientation and Social Network
The research on social networks and collaborative strategies has highlighted from the mid of 1980 which has contributed to the success and development of firms. The relationship and communication with trade partners in overseas help success of firms in entering to foreign markets and improve new partners and new markets abroad. Doing firm internationalization in foreign countries faces some ba...
متن کامل