Opportunism, Hold-Up and the (Contractual) Theory of the Firm
In: Journal of institutional and theoretical economics: JITE, Band 166, Heft 3, S. 479
ISSN: 1614-0559
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In: Journal of institutional and theoretical economics: JITE, Band 166, Heft 3, S. 479
ISSN: 1614-0559
In: Research paper series 0210
In: Research paper series 0204
In: Scottish journal of political economy: the journal of the Scottish Economic Society, Band 52, Heft 5, S. 663-686
ISSN: 1467-9485
AbstractThere is a growing literature explaining foreign direct investment flows in terms of 'technology sourcing', whereby multinational firms invest in certain locations not to exploit their firm‐specific assets in the host environment, but to access technology that is generated by host country firms. However, it is far from clear whether the literature has found significant evidence of such activity beyond a few isolated examples. This paper extends this work by allowing for the possibility of multinational enterprises (MNEs) sourcing technology not only from host country firms but also from each other within a host economy. The paper demonstrates that MNEs in the UK do indeed appropriate spillovers both from indigenous firms and from other foreign investors, but that there are also significant competition effects that act to reduce productivity in certain industries. The paper also explores which countries' affiliates gain most from technology sourcing in the UK, and which generate the greatest spillovers within the foreign‐owned sector.
In: Contributions to political economy, Band 24, Heft 1, S. 55-78
ISSN: 1464-3588
In: Scottish journal of political economy: the journal of the Scottish Economic Society, Band 52, Heft 5, S. 663-686
ISSN: 0036-9292
There is a growing literature explaining foreign direct investment flows in terms of 'technology sourcing', whereby multinational firms invest in certain locations not to exploit their firm-specific assets in the host environment, but to access technology that is generated by host country firms. However, it is far from clear whether the literature has found significant evidence of such activity beyond a few isolated examples. This paper extends this work by allowing for the possibility of multinational enterprises (MNEs) sourcing technology not only from host country firms but also from each other within a host economy. The paper demonstrates that MNEs in the UK do indeed appropriate spillovers both from indigenous firms & from other foreign investors, but that there are also significant competition effects that act to reduce productivity in certain industries. The paper also explores which countries' affiliates gain most from technology sourcing in the UK, & which generate the greatest spillovers within the foreign-owned sector. Tables, Appendixes, References. Adapted from the source document.
In: The Manchester School, Band 71, Heft 6, S. 659-672
ISSN: 1467-9957
Recent theoretical work points to the possibility of foreign direct investment motivated not by 'ownership' advantages which may be exploited by a multinational enterprise but by the desire to access the superior technology of a host nation through direct investment. To be successful, technology sourcing foreign direct investment hinges crucially on the existence of domestic‐to‐foreign technological externalities within the host country. We test empirically for the existence of such 'reverse spillover' effects for a panel of UK manufacturing industries. The results demonstrate that technology generated by the domestic sector spills over to foreign multinational enterprises, but that this effect is restricted to relatively research and development intensive sectors. There is also evidence that these spillover effects are affected by the spatial concentration of industry, and that learning‐by‐doing effects are restricted to sectors in which technology sourcing is unlikely to be a motivating influence.
In: Research Policy, Band 31, Heft 7, S. 1087-1102
In: Research Policy, Band 30, Heft 4, S. 643-661
In: Regional studies: official journal of the Regional Studies Association, Band 26, Heft 6, S. 545-553
ISSN: 1360-0591
In: The journal of development studies, Band 35, Heft 5, S. 76-95
ISSN: 1743-9140
In: The journal of development studies: JDS, Band 35, Heft 5, S. 76
ISSN: 0022-0388
In: The journal of development studies: JDS, Band 35, Heft 5, S. 76-95
ISSN: 0022-0388
In: Research policy: policy, management and economic studies of science, technology and innovation, Band 52, Heft 8, S. 104842
ISSN: 1873-7625
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Working paper