haku: @indexterm foreign investment / yhteensä: 1949
viite: 6 / 1949
Tekijä:Branstetter, L.
Saggi, K.
Otsikko:Intellectual property rights, foreign direct investment and industrial development
Lehti:Economic Journal
2011 : SEP, VOL. 121:555, p. 1161-1191
Asiasana:intellectual property law
foreign investment
direct investment
technological innovation
mathematical models
industrial development
international business
pay
Vapaa asiasana:wages
FDI
IPR
Kieli:eng
Tiivistelmä:This study develops a North-South product cycle model where innovation, imitation and the foreign direct investment (FDI) flow are all endogenously determined. In the model, strengthened intellectual property right (IPR) protection in the South decreases the rate of imitation, which increases the FDI flow. Indeed, the increased FDI more than offsets the decline in the production undertaken by Southern imitators, resulting in raise of the South's share of the global basket of goods. Moreover, while multinationals execute higher prices than Southern imitators, Southern workers' real wages increase while those of Northern workers fall.
SCIMA tietueen numero: 275948
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