Multinationals, Endogenous Growth and Technological Spillovers: Theory and Evidence

Arbeitspapier

FDI has received surprisingly little attention in theoretical and empirical work on openness and growth. This paper presents a theoretical growth model where MNCs directly affect the endogenous growth rate via technological spillovers. This is novel since other endogenous growth models with MNCs, e.g. the Grossman-Helpman model, assume away the knowledge-spillovers aspect of FDI. We also present econometric evidence (using industry-level data from seven OECD nations) that broadly supports the model. Specifically, we find industry-level scale effects and international knowledge spillovers that are unrelated to FDI, but we also find that bilateral spillovers are boosted by bilateral FDI.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IUI Working Paper ; No. 519

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Models of Trade with Imperfect Competition and Scale Economies; Fragmentation ; Management of Technological Innovation and R&D ; One, Two, and Multisector Growth Models
• Thema: MNCs ; Economic growth ; R&D ; Auslandsinvestition ; Multinationales Unternehmen ; Neue Wachstumstheorie ; Spillover-Effekt ; Innovationsdiffusion ; OECD-Staaten

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Braconier, Henrik ; Baldwin, Richard E. ; Forslid, Rikard
• Ereignis: Veröffentlichung
• (wer): The Research Institute of Industrial Economics (IUI)
• (wo): Stockholm
• (wann): 1999

Weitere Informationen

• Handle: http://hdl.handle.net/10419/95092
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ