Multinationals, Endogenous Growth and Technological Spillovers: Theory and Evidence |
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... spillovers . This is novel since other endogenous growth models with MNCs , e.g. the Grossman- Helpman model , assume away the knowledge ... international knowledge spillovers that are unrelated to FDI , but we also find that bilateral ...
... spillovers . This is novel since other endogenous growth models with MNCs , e.g. the Grossman- Helpman model , assume away the knowledge ... international knowledge spillovers that are unrelated to FDI , but we also find that bilateral ...
Page 2
... spillovers in the innovation sector . The particular assumption is that the ... knowledge capital . Motivations of the Horstmann- Markusen - Brainard model ... international spillovers promoted by FDI in our model are of the Jacobian type ...
... spillovers in the innovation sector . The particular assumption is that the ... knowledge capital . Motivations of the Horstmann- Markusen - Brainard model ... international spillovers promoted by FDI in our model are of the Jacobian type ...
Page 8
... international knowledge spillovers ( e.g. Grossman and Helpman 1991 ) imply convergence of long - run growth rates . Thus , apart from transitional effects , learning curves such as ours imply that all nations should grow at the same ...
... international knowledge spillovers ( e.g. Grossman and Helpman 1991 ) imply convergence of long - run growth rates . Thus , apart from transitional effects , learning curves such as ours imply that all nations should grow at the same ...
Common terms and phrases
Centre for Economic CEPR countries data from seven determining the endogenous Discussion Papers Economic Policy Research endogenous growth literature endogenous growth models endogenous growth rate equilibrium Euler equation FDI-SPILL Fixed Effects foreign direct investment Grossman and Helpman I-sector innovation sector inputs international knowledge spillovers International Trade ISDB Jacobian spillovers Jean Tirole Jones Journal of Economics Kehoe knowledge capital knowledge spillovers Krugman Labour Economics labour productivity learning curve learning externalities long-run growth rate m-type firm manufacturing MAR spillovers markets MNCs play monopolistic competition multinational corporations n-type NBER WP numeraire openness and growth operating profit optimal osmosis output panel data perfect competition pro-growth proxies R&D intensity R&D spending rate via technological regressions Richard E Baldwin Rivera-Batiz role of MNCs Romer seven OECD nations static MNC model steady steady-state growth technological spillovers time-invariant trade and endogenous trade and growth value added variable X-varieties