According to the knowledge spillover theory of entrepreneurship, people start a new firm because they are not able to commercialize their ideas and knowledge within the context of an incumbent firm or organization. Entrepreneurship therefore serves as a conduit for the spillover of knowledge from the firm or organization where that knowledge was created to its commercialization in the organizat...

In this study of the impact of protests against Walmart (a first entrant) on Target (a second entrant) from 1998 to 2008 in U.S. geographic markets, we develop and test a theory of information spillovers from protests against corporations proposing to enter a new market. We argue that the number of protests directed against a first entrant is a noisy signal for the second entrant because such p...

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expresse...

The question of how to proceed with illegal immigrants arriving in the southern EU member states is one of the pressing policy issues for the EU. In our article we will provide a thorough analysis of immigration policy and immigration amnesties from an economist’s perspective. In particular, we are interested in answering questions such as why (at all) some states legalize irregular immigrants ...

Recent scholarship suggests that collaboration between a firm’s headquarters personnel and indigenous overseas inventors enhances innovation by the latter. We explore how headquarters inventors’ physical proximity and intrafirm ethnic networks influence this knowledge spillover. Data from 104 U.S. multinational firms show that collaboration between inventors in the U.S. and on-site collaboratio...

I this paper, we study the entry and expansion decisions of McDonald’s and KFC in China using an originally assembled data set on the two chains’ expansion in the China market from their initial entry up to year 2007. We analyze how the presence of a rival affects each firm’s strategies. The results indicate that a rival’s presence has a net positive effect on a chain’s expansion decision. We f...

Nowadays the world is gradually shrinking, followed by intimate multilateral relationships. This we assume that might be indebted to progress in technology and telecommunications. But to be outspoken and honest, technology, economy and trade are not the sole causal agents. Therefore, we must seek for the origin of such issues in the exchange of ideas and doctrines which are bearing such a speed...

Following the rationale for regional redistribution programs described in the official documents of the European Union, this paper studies a simple multicountry model built around two regions: a core and a periphery. Technological spillovers link firms’ productivity within each of the two regions, and each country’s territory falls partly in the core and partly in the periphery, but the exact s...

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be used and cited accordingly. The findings, interpretations, and conclusions...

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expresse...