Multinationals, Endogenous Growth and Technological Spillovers: Theory and Evidence |
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Braconier capital stocks CEPR countries data from seven determining the endogenous direct investment endogenous growth literature endogenous growth models endogenous growth rate equilibrium Euler equation FDI-alt2 FDI-SPILL Fixed Effects foreign direct foreign direct investment Forslid 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 productivity learning curve learning externalities long-run growth rate m-type firm manufacturing MAR spillovers markets MNCs play monopolistic competition multinational corporations NBER WP numeraire openness and growth operating profit optimal osmosis output panel data perfect competition perfect price index pro-growth proxies R&D intensity R&D spending rate via technological regressions Rivera-Batiz role of MNCs Romer seven OECD nations static MNC model steady steady-state growth technological spillovers technology transfer time-invariant Tobin's q trade and endogenous trade and growth value added variable X-varieties