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affiliate's output Affiliates of Swedish Aguilar and Robert Blomstrom Mario Zejan Blomstrom's participation Bureau of Economic Capital cent level dependent variable developing countries dichotomous choice ECONOMIC RESEARCH equity sharing experience of foreign explanatory variables exploit their rent-yielding firm's foreign affiliates foreign market foreign production GDPC GNPC Gothenburg host country market income level Industriens Utredningsinstitut IUI industries inflow of advanced intangible assets investment James Hayes joint ventures liates likelihood of equity Lipsey for comments Magnus Blomstrom majority ownership majority-owned majority-owned affi maximum likelihood minority venture MIX SIZE GDP model of dichotomous multinational corporations MULTINATIONAL FIRMS SEEK NBER oriented multinationals output is diversified Ownership in Affiliates ownership sharing paper parent company Paul Krugman Policy predictions of majority-ownership probit model qdasoJ RD 1.00 Developed Renato Aguilar rent-yielding assets seek out joint sidiary production significant Stockholm suggests Sweden Swedenborg Swedish Multinationals ticipation transfer U.S. Multinationals Wrong predictions zero otherwise