search query: @indexterm Foreign investment / total: 1949
reference: 226 / 1949
| Author: | Glass, A.J. Saggi, K. |
| Title: | Licensing versus direct investment: implications for economic growth |
| Journal: | Journal of International Economics
2002 : JAN, VOL. 56:1, p. 131-153 |
| Index terms: | ECONOMIC GROWTH FOREIGN INVESTMENT INNOVATION LICENSING MULTINATIONAL COMPANIES |
| Freeterms: | FDI |
| Language: | eng |
| Abstract: | The authors develop a symmetric two country model of foreign direct investment (FDI) that captures the internationalization decision and its implications for both the rate and magnitude of innovations. When mode choice (licensing versus FDI) is fixed, a subsidy to multinational production increases the rate but decreases the size of innovations. When mode can switch, the rate and size of innovations both increase, provided the subsidy is not too large. |
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